Levi & Korsinsky Reminds ZoomInfo Investors of August 24 Securities Class Action Deadline

Regulation
โดย GlobeNewswire·Read original
Summary · why it matters

Levi & Korsinsky has issued a reminder to ZoomInfo Technologies investors about the August 24, 2026 deadline to seek lead plaintiff appointment in a pending securities class action. The lawsuit covers investors who purchased ZoomInfo securities between November 3, 2025 and May 11, 2026, and alleges the company failed to disclose that customers were migrating from seat-based subscriptions to consumption-based models while downmarket demand weakened. ZoomInfo shares fell 33 percent, or $1.98 per share, after the company slashed its 2026 growth outlook and full-year guidance on May 11, 2026. The complaint claims management’s positive statements about net revenue retention and upmarket momentum masked accelerating downmarket churn and a structural erosion of the legacy business, which still comprised the vast majority of revenue. Investors who suffered losses can contact the firm for a free evaluation.

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Cloud & Digital Infrastructure · 1 stocks
ZoomInfo Technologies Inc.
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Securities class action lawsuit alleges undisclosed customer shift to consumption model and weak demand, leading to 33% stock drop after Q1 earnings and guidance cut.