#United States #Robbins Geller #San Diego #Class Action #Zeta Global

Zeta Global Holdings Corp. Faces Class Action Lawsuit

Investor Alert: Upcoming Deadline for Lead Plaintiff Appointment

As significant concerns arise regarding Zeta Global Holdings Corp. (NYSE: ZETA), investors who suffered notable financial losses between February 27, 2024, and November 13, 2024, may have the opportunity to lead a class action lawsuit against the company. Robbins Geller Rudman & Dowd LLP, a prominent law firm noted for representing investors in securities fraud cases, has announced that interested investors must apply for lead plaintiff status by January 21, 2025.

Background on the Lawsuit

Zeta Global Holdings, a marketing technology firm, is facing serious accusations under the Securities Exchange Act of 1934. The class action lawsuit, filed under the caption Davoodi v. Zeta Global Holdings Corp., No. 24-cv-08961 (S.D.N.Y.), claims that throughout the class period, the company knowingly disseminated misleading statements and failed to disclose critical information regarding its financial practices.

Specifically, the allegations highlight the following points:

• - Use of Two-Way Contracts: Zeta Global allegedly used manipulative contracts which artificially inflated its financial statements, leading investors to make decisions based on distorted data.
• - Round Trip Transactions: The company is accused of engaging in round trip transactions aimed at artificially boosting reported revenue figures.
• - Predatory Data Collection: Zeta Global reportedly utilized predatory consent farms to gather user data, a practice that purportedly fueled its growth significantly.

These practices raised serious red flags, especially when a report by Culper Research titled "Zeta Global Holdings Corp (ZETA) Shams, Scams, and Spam" was released on November 13, 2024, causing Zeta's stock to plunge over 37% following its publication.

Role of the Lead Plaintiff

Under the Private Securities Litigation Reform Act of 1995, any investor who holds Zeta Global securities during the established class period can petition to be appointed as the lead plaintiff. The lead plaintiff's role is crucial, as they act on behalf of all other investors in the class and hold the responsibility of guiding the lawsuit. They also have the flexibility to select their preferred law firm for litigation.

Although it is beneficial to be the lead plaintiff, it is essential to note that an investor's chance of sharing in any potential recovery does not hinge on this designation. Instead, recovering losses is open to all class members irrespective of lead status.

About Robbins Geller Rudman & Dowd LLP

Robbins Geller, recognized as one of the leading law firms focused on securities fraud cases, has maintained a strong track record of securing substantial financial recoveries for investors. The firm has been ranked #1 by ISS Securities Class Action Services for six out of the last ten years, highlighting its commitment to investor protection and restitution. Over the past four years alone, Robbins Geller has successfully recovered approximately $6.6 billion for clients involved in various securities-related class action lawsuits – making it the top firm for such recoveries.

For those who believe they qualify and wish to serve as lead plaintiff in the Zeta Global action, more information can be found on the Robbins Geller website or by contacting their attorneys directly. It is crucial for affected investors to understand their options and the available recourse as the January deadline approaches.

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For further assistance, investors may reach out to attorneys J.C. Sanchez or Jennifer N. Caringal at Robbins Geller via phone at 800-449-4900 or through email at [email protected]

While past results do not ensure future outcomes, the ongoing situation with Zeta Global presents a significant moment for investors to act swiftly if they seek justice for their losses.