Zeta Global Holdings Faces Class Action Lawsuit Over Allegations of Fraud During Key Financial Reporting Period
Zeta Global Holdings Class Action Lawsuit
In a significant legal development, shareholders of Zeta Global Holdings Corp. (NYSE: ZETA) have been alerted about an impending class action lawsuit, spearheaded by The Gross Law Firm. This class action targets alleged misconduct that took place during a designated timeframe, raising serious questions about the company’s financial integrity.
Key Allegations
The lawsuit accuses Zeta Global of numerous malpractices that potentially misled investors and artificially inflated the company's financial standing. The main allegations surface from activities that occurred between February 27, 2024, and November 13, 2024. Specifically, the allegations include:
1. Use of Two-Way Contracts: It is claimed that Zeta engaged in contracts that provided misleading financial results, which contributed to an inflated perception of the company's performance.
2. Round Trip Transactions: The lawsuit suggests that Zeta participated in round trip transactions that further distorted its financial outlook.
3. Predatory Consent Farms: The lawsuit highlights Zeta’s reliance on consent farms which allegedly manipulated user data collection, constituting unethical practices that drove much of Zeta’s growth.
4. Misleading Statements: As a result of the aforementioned activities, it is claimed that management made significantly positive statements regarding operational performance that lacked a reasonable foundation, misleading investors about the true state of the company.
Important Deadlines
Shareholders who purchased Zeta shares during the specified period are encouraged to register for the class action to potentially lead as plaintiffs. Interested victims of these alleged practices must register by January 21, 2025, to ensure they are included in the monitoring services provided throughout the litigation process. Registration does not require a commitment to serve as a lead plaintiff.
Next Steps for Shareholders
To participate in this class action, shareholders can register on the firm’s official page concerning Zeta Global Holdings. After registration, shareholders will benefit from ongoing portfolio monitoring, which will provide updates about the case’s status, ensuring investors stay informed about any developments.
Furthermore, the firm emphasizes that participation in this case is free of cost and obligation, allowing shareholders to pursue their claims without financial pressure.
About The Gross Law Firm
The Gross Law Firm is recognized nationally for championing investors' rights, focused on protecting those impacted by deception and unlawful business practices. The firm diligently works to ensure accountability from companies, advocating for honest financial reporting and transparency in operations.
With a track record of fighting for shareholder rights, The Gross Law Firm continues to empower those affected by corporate misconduct. For those seeking insights or wishing to learn more about the lawsuit, they can reach out to the firm based in New York via the provided contact details.
Contact Information
- - Email: [email protected]
- - Phone: (646) 453-8903
- - Address: 15 West 38th Street, 12th Floor, New York, NY 10018
As the case proceeds, it will be crucial for affected investors to stay engaged and informed on their rights and potential recovery outcomes.
Topics Financial Services & Investing）
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