#United States #New York #Class Action #Levi Korsinsky #ZoomInfo Technologies

Class Action Lawsuit Update for ZoomInfo Investors

On June 30, 2026, Levi & Korsinsky LLP informed investors that ZoomInfo Technologies, Inc. (NASDAQ: GTM) is facing a notable class action lawsuit. The action primarily revolves around financial disclosures made between November 3, 2025, and May 11, 2026. Investors who purchased shares during this period and faced losses are urged to take notice, as the deadline for appointing a lead plaintiff stands at August 24, 2026.

Key Details of the Lawsuit

The lawsuit implicates two top executives of ZoomInfo: Henry Schuck, the CEO and Chairman, and M. Graham O'Brien, the CFO. These two individuals are named as defendants, accused of failing to provide accurate and complete information regarding the company's financial health. As per the complaint, there was a significant decline in ZoomInfo's growth prospects disclosed on May 11, leading to a 33% drop in share value, approximately $1.98 per share.

This substantial decline resulted from the company's announcement of deteriorating growth predictions for 2026, which left many investors questioning the company's operational strategies and public communications. Interested investors will need to assess if they qualify for the recovery of their losses by gathering relevant transaction records that show their share purchases during the cited timeframe.

Responsibilities of Named Executives

The lawsuit points to specific failures in individual accountability as mandated by the Sarbanes-Oxley Act. Under this Act, Schuck and O'Brien were responsible for certifying the integrity and accuracy of the financial reports filed with the Securities and Exchange Commission (SEC). Their certifications must affirm that financial statements accurately represented the company’s financial health without any misleading statements.

The lawsuit articulates that both executives were aware or should have been aware of the shifting market conditions—the transition from a traditional subscription model to a consumption-based model—yet continued to advocate for ZoomInfo’s positive performance in various public forums. The consequences of their actions—or lack thereof—have now led to significant scrutiny regarding their leadership and the overall trustworthiness of the information provided to investors.

The Implications for Investors

For investors considering participation in the lawsuit, steps must be taken to collect brokerage records, including purchase dates, quantities of shares bought, and the prices paid. It's essential as these documents will support any claim of financial loss during the specified class period. Further, it’s noteworthy that potential claimants do not face any financial risks, as the legal fees are contingent on the outcome of the case, meaning there are no upfront costs to participate.

Moreover, even if some investors have sold their shares since the lawsuit period, they may still be eligible for potential compensation, affirming the ongoing relevance of this case as it unfolds. Information about the upcoming deadlines and the necessity for prompt action is vital for stakeholders involved.

How Levi & Korsinsky Can Help

Levi & Korsinsky stands as a prominent advocate in shareholder rights litigation, recognized for their expertise in recovering significant sums for investors over the years. They encourage any concerned investors to reach out for a no-obligation evaluation if they believe they have been adversely affected by the alleged mismanagement and misleading statements by ZoomInfo’s executives.

As the deadline to apply as a lead plaintiff approaches in late August, stakeholders are urged to act swiftly to protect their rights and possible compensation. Interested parties can contact Levi & Korsinsky's offices directly through listed contact information for further details or assistance regarding their specific situations.

In conclusion, the ongoing legal situation surrounding ZoomInfo Technologies serves as a critical reminder of the responsibilities held by corporate executives in representing their companies honestly and transparently—a principle that remains fundamental to maintaining investor trust in any publicly traded entity.