Zeta Global Holdings Corp. Investors Urged to Join Class Action After Substantial Losses

Zeta Global Class Action Lawsuit: Important Information for Investors

Investors in Zeta Global Holdings Corp. (NYSE: ZETA) are now faced with a crucial opportunity to take legal action following significant financial losses attributed to alleged misconduct by the company. Robbins Geller Rudman & Dowd LLP has initiated a class action lawsuit aimed at holding Zeta Global and its executives accountable under the Securities Exchange Act of 1934.

Key Timeline and Details

The lawsuit pertains to individual investors who purchased Zeta Global securities between February 27, 2024, and November 13, 2024. Those affected by the alleged violations have until January 21, 2025, to apply for the lead plaintiff position in this case, titled Davoodi v. Zeta Global Holdings Corp.. In the suit, Zeta Global is accused of manipulating financial results through misleading statements and undisclosed practices that inflated these figures.

Allegations Against Zeta Global

The class action lawsuit draws attention to severe allegations against Zeta Global, a company known for its marketing technology. Key accusations include:
1. Inflated Financials Using Two-Way Contracts: Zeta Global purportedly utilized two-way contracts that allowed the company to misrepresent its financial performance.
2. Engagement in Round-Trip Transactions: The company is said to have engaged in transactions that gave a false impression of increased business activity, further distorting its financial reality.
3. Usage of Predatory Consent Farms: Allegations detail that Zeta Global collected user data through dubious consent farms that have been pivotal in driving the company's growth.
4. Stock Price Collapse: Following a report published by Culper Research on November 13, 2024, which criticized Zeta's business practices, the company saw a drastic decline of over 37% in its stock price, impacting many investors.

How to Participate in the Class Action

Under the Private Securities Litigation Reform Act of 1995, investors who experienced substantial losses during the specified class period can apply to become the lead plaintiff in this class action lawsuit. The lead plaintiff is typically a person or entity with the largest financial stake who can adequately represent the interests of all investors involved.

Once designated, the lead plaintiff has the authority to select a law firm to advocate for the collective group in the ongoing legal battle. It's important for participating investors to note that even if they opt not to be the lead plaintiff, they can still benefit from any financial relief that may result from the lawsuit's outcome.

About Robbins Geller

Robbins Geller Rudman & Dowd LLP is recognized as a leading law firm in securities fraud cases, boasting an impressive track record in gaining favorable outcomes for investors. The firm has recovered over $6.6 billion for clients in securities-related class action cases and is noted for several landmark victories, including securing the largest recovery in a securities class action to date.

For investors seeking more information or wishing to participate in the class action, they can contact attorneys J.C. Sanchez or Jennifer N. Caringal at Robbins Geller by calling 800-449-4900 or by visiting their website.

This legal opportunity presents a vital chance for investors affected by the alleged actions of Zeta Global to reclaim their losses and send a strong message regarding corporate accountability.

Conclusion

As the class action lawsuit unfolds, it remains critical for investors who suffered losses to stay informed and consider their options in this legal process. The coming months will be crucial for determining the outcome of Zeta Global's accountability and may pave the way for significant investor relief.