#United States #Class Action #Los Angeles #Securities Fraud #Zeta Global

Investors Urged to Take Lead in Zeta Global Fraud Case

The legal landscape for Zeta Global Holdings Corp. (NYSE: ZETA) has taken a serious turn as Glancy Prongay & Murray LLP (GPM) announces an opportunity for affected investors to step forward as lead plaintiffs in a significant securities fraud class action lawsuit. This proactive move aims to address substantial losses experienced by investors during the designated class period from February 27, 2024, to November 13, 2024.

Context of the Allegations

The complaint filed by GPM alleges troubling misconduct on the part of Zeta Global, asserting that the company engaged in several deceptive practices that misled investors about its financial health and operational activities. According to the allegations, Zeta is accused of using two-way contracts to artificially inflate its financial results. Such practices, if proven, could indicate a long-standing tradition of misleading financial reporting, calling into question the integrity of Zeta's operations.

Moreover, it is claimed that the company participated in round trip transactions, further contributing to an artificially inflated image of its financial results. Such actions could have misled the market, potentially allowing Zeta to maintain its stock price at levels that may not have been justified by its actual business performance.

Compounding these concerns is the alleged use of predatory consent farms to harvest user data, which has purportedly driven nearly the entirety of Zeta's growth. This practice raises crucial ethical questions about the means through which the company accumulates its user base and grows its revenue.

Call to Action for Investors

Investors who believe they suffered losses as a result of these alleged misdeeds are encouraged to consider stepping up as lead plaintiffs. The deadline for lead plaintiff applications is set for January 21, 2025. Interested parties can submit their information through the GPM website or contact GPM directly. This opportunity also highlights the essential role that investor activism plays in maintaining corporate accountability in the marketplace.

Investors can choose to either engage in legal actions actively or remain as absent class members. For those opting for the latter, no immediate action is necessary, but they are advised to stay informed as developments unfold.

Lawyers at GPM are urging affected investors to retain legal counsel to discuss their options thoroughly. Those interested should prepare to provide details about their investment transactions, including their number of shares purchased and other relevant information.

Conclusion

As the class action lawsuit against Zeta Global Holdings Corp. moves forward, the outcome could have significant implications not only for the company's future but also for the larger conversation surrounding corporate governance and ethical practices within publicly traded companies. Investors are encouraged to remain vigilant and involved as more details emerge about this unfolding situation. Following updates from GPM via platforms like LinkedIn, Twitter, and Facebook will provide essential information as this legal matter progresses toward resolution.