Institutional investors who held ZoomInfo Technologies shares between November 3, 2025 and May 11, 2026 face an August 24, 2026 deadline to seek lead plaintiff appointment in a securities class action. The lawsuit, filed in the United States District Court for the Western District of Washington, alleges that ZoomInfo and certain officers made materially misleading statements about revenue trajectory, customer retention, and its AI-driven product transition. Shares fell approximately 33 percent, or $1.98 per share, after the company disclosed a sharp decline in its 2026 growth outlook and lowered full-year guidance on May 11, 2026. The action asserts claims under Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, as well as Section 20(a) controlling person liability. Institutional fiduciaries are advised to evaluate whether pursuing lead plaintiff status could maximize recovery for beneficiaries, with no out-of-pocket costs as counsel fees are paid from any recovery.
ZoomInfo Technologies Inc.Securities class action lawsuit and lowered guidance indicate financial/valuation issues.