Class Action Lawsuit Filed Against Zeta Global Holdings Corp: Shareholders Alerted

Overview of the Case

The Pomerantz Law Firm has issued a reminder to investors concerning the class action lawsuit against Zeta Global Holdings Corp. (NYSE: ZETA). Shareholders who have faced financial losses are encouraged to take action promptly. If you purchased or otherwise acquired Zeta securities during the class period, you have until January 21, 2025 to seek appointment as Lead Plaintiff by contacting Pomerantz LLP.

The Allegations

The lawsuit raises critical questions regarding Zeta Global Holdings, focusing on allegations of securities fraud and questionable business practices. In a report issued by market research firm Culper Research, Zeta was accused of manipulating its revenue figures through dubious contracts and deceitful websites. The report criticizes Zeta for allegedly establishing 'two-way' contracts with third-party consent farms, simultaneously acting as a buyer and seller of consumer data, which raises red flags about the legitimacy of their reported financial growth.

Zeta is also accused of acquiring most of its customer data through misleading websites, namely fake job boards. These tactics reportedly trick consumers into providing personal data, all under the pretense of job applications. These consent farms are claimed to be the backbone of Zeta's growth, raising serious questions about the company's operational ethics.

Impact on Shareholder Value

Following the release of these allegations, Zeta's stock price plummeted by 37%, closing at $17.76 per share on November 13, 2024. This dramatic decrease highlights the immediate financial impact of the accusations and raises concerns among existing and potential investors about the company’s financial health and governance practices.

What's Next for Investors

Investors impacted by the decline in share value are strongly advised to stay informed about the developments of this lawsuit. Those interested in joining the class action can find a copy of the complaint and further details at Pomerantz Law Firm’s website. For inquiries, it's suggested to reach out directly to Danielle Peyton via email or call to discuss potential participation in the legal action.

Conclusion

Pomerantz LLP, a firm renowned for its expertise in corporate and securities litigation, emphasizes the importance of shareholder rights and the need to confront corporate misconduct. The firm continues to represent victims of financial fraud, having recovered billions in damages over the years. If you're a shareholder of Zeta Global Holdings, now is the time to take action and ensure your voice is heard as part of this significant legal occurrence.

For any additional questions regarding the lawsuit or if you wish to participate, contact Pomerantz LLP without delay.

Contact Information:
Danielle Peyton
Pomerantz LLP
Email: [email protected]
Phone: 646-581-9980, ext. 7980

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