#United States #Kessler Topaz #Securities Fraud #Radnor #Zeta Global

Zeta Global Holdings Corp Faces Securities Fraud Class Action

In a significant legal development, Zeta Global Holdings Corp. (NYSE: ZETA) is at the center of a securities fraud class action lawsuit initiated by Kessler Topaz Meltzer & Check, LLP. This lawsuit targets investors who acquired Zeta securities between February 27, 2024, and November 13, 2024, amid serious allegations concerning misleading practices that potentially impacted the company’s reputation and the financial wellbeing of its investors.

Key Allegations

The complaint highlights numerous allegations against Zeta and its executives. Specifically, it claims that throughout the designated Class Period, Zeta’s leadership made false statements and withheld crucial information regarding the company’s operational practices. Among the various allegations, the lawsuit asserts that Zeta engaged in the following actions:

1. Use of Two-Way Contracts: Zeta purportedly utilized two-way contracts to artificially inflate its financial outcomes, leading investors to believe in a more robust financial health than actually existed.
2. Round Trip Transactions: The suit also alleges that Zeta participated in round trip transactions, further manipulating financial reporting to appear more favorable.
3. Data Collection Tactics: Furthermore, it is suggested that the company employed predatory consent farms to gather user data, a practice that raises various ethical and legal questions regarding user consent and data privacy.
4. Exaggerated Growth Claims: The lawsuit emphasizes that these consent farms were significant in driving the majority of Zeta's growth, a fact that was allegedly not disclosed to investors, skewing their understanding of the company's true operational dynamics.
5. Misleading Statements: Collectively, these practices allegedly led to materially misleading statements about Zeta’s business prospects, presenting an overly optimistic picture that was not supported by the underlying business realities.

What Investors Should Know

For those who have suffered financial losses related to Zeta during the class period, it is crucial to act promptly. The deadline for appointing a lead plaintiff in this case is set for January 21, 2025. Investors may choose to apply as a lead plaintiff or may opt to remain as absent class members. Serving as a lead plaintiff entails a more active role in the litigation process, representing the interests of all affected shareholders.

Investment experts and legal analysts suggest that involved shareholders reach out to Kessler Topaz Meltzer & Check, LLP promptly for guidance. Understanding your rights in this context could be pivotal for any potential recovery for losses incurred during the allegations period.

About Kessler Topaz Meltzer & Check, LLP

Kessler Topaz Meltzer & Check is renowned in the field of class action litigation, with a notable track record of recovering billions for victims of corporate fraud and misconduct. The firm prides itself on protecting investors and holding companies accountable for unethical practices. They have become a reputable authority when it comes to securities fraud cases and often lead efforts to bring justice to defrauded investors.

It is worth noting that this complaint is not filed by Kessler Topaz Meltzer & Check, LLP themselves but serves as an avenue for investors looking to understand their next steps in light of the allegations. For further inquiries or to file a claim, interested parties are encouraged to contact attorney Jonathan Naji at the law firm.

The outcome of this case could set a significant precedent in how securities fraud is addressed within the tech industry and serve as a warning to other corporations about the importance of transparency and accurate reporting.

For continuous updates and more information on potential participation in the class action, investors can refer to the law firm’s official website or relevant legal resources.