Investors can contact the law firm at no cost to learn more about recovering their losses
LOS ANGELES, Sept. 06, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises ZoomInfo Technologies Inc. ("ZoomInfo" or the "Company") (NASDAQ: ZI) investors of a class action representing investors that bought securities between November 10, 2020 and August 5, 2024, inclusive (the "Class Period"). ZoomInfo investors have until November 4, 2024 to file a lead plaintiff motion.
Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 310-692-8883 or email: lesley@portnoylaw.com, to discuss their legal rights, or click here to join the case. The Portnoy Law Firm can provide a complimentary case evaluation and discuss investors’ options for pursuing claims to recover their losses.
The Complaint alleges that the Company made false and misleading statements about its financial health. It claims that ZoomInfo's reported results were artificially boosted by the effects of COVID-19. Many customers were trying to cut back on using its products, but the Company reportedly used deceptive auto-renewal practices to force continued usage. These actions harmed the Company’s relationships with its customers. As a result, the Company’s public statements during the class period were misleading. When the true situation was revealed, investors experienced financial losses.
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The Portnoy Law Firm represents investors in pursuing claims against caused by corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
lesley@portnoylaw.com
310-692-8883
www.portnoylaw.com
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