Important Deadlines for Zeta Global Holdings Corp. Investors Amid Class Action Lawsuit

Zeta Global Holdings Corp. Class Action Lawsuit Alert

In a recent announcement, ClaimsFiler is alerting investors who own shares of Zeta Global Holdings Corp. regarding an upcoming lead plaintiff deadline in a significant class action lawsuit. This notice is particularly relevant for investors with losses exceeding $100,000 incurred from February 27, 2024, to November 13, 2024. Those affected need to file their lead plaintiff applications by January 21, 2025.

Zeta Global Holdings Corp., trading under the NYSE ticker 'ZETA', is currently facing legal action in the United States District Court for the Southern District of New York. The lawsuit alleges that Zeta and certain executives engaged in deceptive practices by failing to disclose critical information to investors, thus violating federal securities laws. The claims include accusations of utilizing maneuvers such as two-way contracts and round-trip transactions to falsely inflate the company’s financial results. Furthermore, the complaint states that Zeta employed predatory consent farms to collect user data, which has been a significant factor in the company’s growth trajectory. Ultimately, these alleged actions rendered the company's positive assertions about its business and future prospects misleading or entirely unfounded.

The ruling in the case, titled Davoodi v. Zeta Global Holdings Corp., et al., No. 24-cv-8961, points to a troubling trend that could have potential ramifications for shareholders.

What This Means for Investors

For shareholders who might be impacted, it's critical to understand the significance of the lead plaintiff designation in class action lawsuits. The lead plaintiff acts on behalf of all claimants, and being a lead plaintiff can help individuals receive compensation if the suit is successful. Additionally, it is advisable for investors to seek legal counsel to navigate these intricate legal waters, especially if they suspect they have a valid claim.

ClaimsFiler, a free information service for shareholders, provides resources and legal assistance for investors involved in securities litigation. They facilitate users in submitting their own claims efficiently and notify them about relevant securities cases based on their own trading portfolios. Investors affected by this situation should not hesitate to reach out. For more tailored support, ClaimsFiler offers direct communication opportunities with attorneys from Kahn Swick & Foti, LLC, who are equipped to discuss the legal options available.

Getting Help

Zeta Global investors can find more specific information on their rights and strategies to pursue their claims by visiting ClaimsFiler's dedicated page. They also offer a toll-free number for direct inquiries: (844) 367-9658. It’s essential for investors to act promptly, especially given the pressing deadline that looms ahead.

With shareholder activism on the rise and courts increasingly willing to take on cases involving corporate malfeasance, staying informed and proactive is vital in today’s complex investment landscape. Investors need to remain vigilant about their rights as shareholders and take the necessary steps to protect their financial interests.

Conclusion

As the deadline approaches, all investors who may have been impacted by these developments with Zeta Global Holdings Corp. are urged to review their investment positions and consider filing claims to ensure they do not miss the opportunity to recover potential losses. Legally protecting one’s investments is crucial, and understanding your rights in these situations can make a significant difference.