Glancy Prongay Wolke & Rotter LLP reminds investors that the deadline to file a lead plaintiff motion in a securities fraud class action against ZoomInfo Technologies Inc. is August 24, 2026. The lawsuit covers investors who purchased or acquired ZoomInfo securities between November 3, 2025 and May 11, 2026. The action follows a May 11, 2026 announcement that ZoomInfo reduced revenue guidance, realigned its downmarket business, laid off 20% of its workforce, and expected $45-60 million in restructuring costs, partly due to AI-related customer confusion. On this news, ZoomInfo’s stock fell $1.98, or 32.8%, to close at $4.06 per share on May 12, 2026. The complaint alleges that throughout the class period, defendants made materially false or misleading statements and failed to disclose that slowing seat-based demand, weakening upsells, and customers revising AI purchasing decisions undermined the company’s growth plan and made its 2026 full-year revenue guidance increasingly unlikely to be met.
ZoomInfo Technologies Inc.Reduced revenue guidance, restructuring costs, and securities fraud allegations.