#United States #New York #Class Action #Zeta Global #Faruqi & Faruqi

Attention Zeta Global Investors: Class Action Alert

Faruqi & Faruqi, LLP, an esteemed national securities law firm, is currently investigating possible claims against Zeta Global Holdings Corp. This comes amidst rising concerns regarding the company's adherence to federal securities laws. Investors who believe they might have suffered losses exceeding $100,000 in Zeta shares from February 27, 2024, to November 13, 2024, are strongly encouraged to reach out to the firm for guidance on their legal options.

With a lead plaintiff deadline approaching on January 21, 2025, the firm emphasizes the importance for affected investors to act quickly to fulfill their potential role in the class action lawsuit. An investor serves as a lead plaintiff if they have the most significant financial stake in the case and can efficiently represent the interests of the class.

Allegations Against Zeta Global

The allegations surrounding Zeta Global are severe, claiming that it manipulated its financial statements through illegal practices. On November 13, 2024, a detailed report published by Culper Research accused Zeta of employing two dubious practices that distorted the integrity of its reported financial data.

• - Two-way Contracts: The report claims Zeta utilized two-way contracts with external consent farms, which allowed them to falsely inflate revenue figures. By acting both as a seller and a buyer of consumer data, Zeta allegedly misrepresented growth metrics.
• - Predatory Data Collection: Furthermore, Zeta is accused of operating deceptive websites, including fake job boards, that duped millions into providing their personal information. This alleged strategy of leveraging consumer data from these so-called consent farms is believed to have fueled nearly all of Zeta's reported growth.

Following the release of these allegations, Zeta's stock suffered a steep decline, plummeting by over 37% in a single day, showcasing the significant financial impact these claims could have on investors.

How to Get Involved

If you are a Zeta investor impacted by these developments, consider whether you might qualify to become a class representative. Regardless of the decision to step forward or remain an absent class member, it is important to note that this will not affect your ability to claim any potential recovery from the lawsuit.

Faruqi & Faruqi also invites any individuals possessing knowledge about Zeta's operations to come forward. This includes whistleblowers, prior employees, and other stakeholders. If you wish to participate or learn more about the ongoing class action against Zeta Global, you may contact Faruqi & Faruqi at 877-247-4292 or visit their website for further details. The firm ensures that all communications will be kept confidential.

Conclusion

The looming deadline presents a critical opportunity for affected Zeta investors to stand up and reclaim their rights. As the investigation evolves, updates and critical information will be shared through Faruqi & Faruqi’s dedicated channels. Interested parties should actively stay informed as this situation develops, as the outcome could have far-reaching implications for those involved.

For major advancements regarding this case and to connect with fellow investors, keep an eye on news announcements, and don't hesitate to reach out to the law firm for personalized guidance.