#United States #New York #Class Action #Gross Law Firm #Zeta Global

Class Action Lawsuit Filed Against Zeta Global Holdings

In a recent legal development, The Gross Law Firm has announced a class action lawsuit against Zeta Global Holdings Corp. (NYSE: ZETA), aimed at recovering losses for the company's shareholders. This action comes in response to allegations that Zeta engaged in misleading practices, significantly impacting its stock performance and investor trust.

Allegations Raised

The class action covers the period between February 27, 2024, and November 13, 2024. Key complaints involve several unethical business practices allegedly carried out by the company's management. Among the major allegations:
1. Use of Two-Way Contracts: The lawsuit contends that Zeta used two-way contracts to inflate its financial results artificially. This technique reportedly distorted the true financial picture of the company.
2. Round Trip Transactions: Zeta is accused of engaging in round trip transactions. Such transactions are typically used to give a false impression of performance by artificially enhancing revenue figures.
3. Predatory Share Data Practices: It is alleged that the company utilized predatory consent farms for user data collection, which formed the cornerstone of Zeta’s apparent growth.
4. Misleading Statements: As a consequence of these practices, Zeta's positive public statements about its business operations and outlook were found to be materially misleading. Investors relied on these statements, which lacked a reasonable basis, creating a false sense of security about the company's financial health.

Who Can Join?

Zeta shareholders who purchased shares during the class period are urged to participate in this lawsuit. Interested parties can contact The Gross Law Firm for details on registering as potential lead plaintiffs. A crucial point to note is that aspiring lead plaintiffs do not need to be appointed to be part of any potential recovery.

Key Dates and Deadlines

The deadline for shareholders to register for this class action is January 21, 2025. Investors keen to participate are encouraged to act promptly to ensure their claims are processed. Once registered, participants will be monitored continuously through a portfolio management tool, ensuring they stay informed on the case's progress.

Why Choose The Gross Law Firm?

The Gross Law Firm prides itself on being a nationally recognized class action firm dedicated to safeguarding the rights of investors. Their mission is to combat deceit and fraud in corporate practices, ensuring companies maintain ethical business standards. The firm’s commitment includes seeking recovery for investors misled by companies through false or omitted significant information affecting stock value.

Shareholders eager to engage in the recovery process should not hesitate to reach out to The Gross Law Firm, based at 15 West 38th Street, 12th floor, New York, NY, 10018, by calling (646) 453-8903 or via email at [email protected]. This class action reflects a broader commitment among legal firms to fight against unethical practices in the corporate world and support affected investors in regaining their losses.