A class action lawsuit has been filed against ZoomInfo Technologies Inc. and certain senior executives for securities fraud following a 33% stock decline. The suit, pending in the U.S. District Court for the Western District of Washington, alleges the company misled investors about the impact of its AI-integrated products on customer retention. On May 11, 2026, ZoomInfo announced first-quarter results and slashed its full-year revenue guidance from a range of $1.247 billion to $1.267 billion down to $1.185 billion to $1.205 billion, citing customer growth regression due to AI and agentic confusion. The stock fell $1.98 per share, or 32.78%, from $6.04 to $4.06 on May 12, 2026. Investors have until August 24, 2026 to seek lead plaintiff appointment.
ZoomInfo Technologies Inc.Securities fraud class action lawsuit filed over alleged misleading statements about AI product impact on customer retention.