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Philadelphia, Pennsylvania--(Newsfile Corp. - December 24, 2024) - Current ZoomInfo Technologies, Inc. (NASDAQ: ZI) shareholders who have held shares of the Company's stock since prior to November 10, 2020 can seek corporate reforms, the return of funds back to company coffers, and a court approved incentive award, at no cost to them whatsoever. Click here to learn more: https://grabarlaw.com/the-latest/zoominfo-shareholder-investigation/, contact Joshua Grabar at [email protected], or call us at 267-507-6085.
Grabar Law Office is investigating claims on behalf of ZoomInfo shareholders. The investigation concerns whether certain officers and directors of ZoomInfo have breached their fiduciary duties owed to the company.
WHY: An underlying securities fraud class action complaint alleges that ZoomInfo, via certain of its officers, made false and/or misleading statements and failed to disclose the following adverse facts pertaining to ZoomInfo's business, operations, and financial condition: (a) that ZoomInfo's financial and operational results had been temporarily inflated by the ephemeral effects of the COVID-19 pandemic, which had pulled-forward demand for the Company's database of digital contact information; (b) that material portions of ZoomInfo's existing customer base were attempting to either substantially reduce their use of the Company's product or abandon it altogether; (c) that ZoomInfo had used manipulative and coercive auto-renew policies and threats of litigation to force customers into remaining with the Company for an additional contractual term even though such customers did not want to; (d) that ZoomInfo's coercive customer retention tactics had materially damaged the Company's customer relationships, client franchise, and competitive advantages, and created a hidden demand cliff for costumer contract renewals in future periods; and (e) that as a result of (a)-(d), above, ZoomInfo's reported revenues, operating income, and customer and retention metrics were materially overstated.
Current ZoomInfo shareholders who have held shares of ZoomInfo stock since prior to November 10, 2020, can seek corporate reforms, the return of funds back to the company, and a court approved incentive award if appropriate.
WHAT TO DO NOW: If you have held ZoomInfo shares since prior to November 10, 2020 and would like to learn more at no cost to you, please visit https://grabarlaw.com/the-latest/zoominfo-shareholder-investigation/, contact Joshua Grabar at [email protected] or Mia Heller at [email protected], or call us at 267-507-6085.
$ZI #ZoomInfo
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Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: [email protected]
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235071
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