#USA #Robbins Geller #San Diego #Class Action #Zeta Global

Zeta Global Holdings Corp. and Investor Alert

Zeta Global Holdings Corp. (NYSE: ZETA) is under scrutiny as a class action lawsuit gears up, calling on investors who have incurred significant losses to lead a legal charge. The law firm Robbins Geller Rudman & Dowd LLP is at the forefront of this initiative, encouraging those who purchased Zeta Global securities between February 27, 2024, and November 13, 2024, to take action.

Background on Zeta Global

Zeta Global is known for its marketing technology solutions, but it faces serious allegations that could undermine its credibility and financial standing. In recent legal developments, the firm has been accused of various forms of financial misconduct, prompting a collective response from affected shareholders. The lawsuit, titled Davoodi v. Zeta Global Holdings Corp., has registered a case under the Securities Exchange Act of 1934 against the company and its executives.

Allegations Against Zeta Global

According to claims lodged in the lawsuit, Zeta Global may have misrepresented its financial performance. Key allegations include:

1. Use of Two-way Contracts: The company allegedly employed two-way contracts that artificially inflated its financial results, skirting regulations designed to protect investors.
2. Round Trip Transactions: Zeta Global's practices reportedly included round trip transactions, inflating the appearance of business activity and revenue.
3. Predatory Data Collection: The lawsuit claims the firm used predatory practices through consent farms to gather user data, circumventing legitimate means of data acquisition. This controversial tactic reportedly fueled significant portions of Zeta Global's growth, raising ethical and legal questions about its operations.
4. Market Reaction: Following the publication of a damning report by Culper Research on November 13, 2024, which described Zeta Global as engaged in “Shams, Scams, and Spam,” Zeta's stock plummeted over 37%, triggering alarm among investors.

Leading the Class Action

The Private Securities Litigation Reform Act of 1995 allows any investor suffering from losses during the designated Class Period to apply as a lead plaintiff in this class action case. The lead plaintiff represents the interests of all involved parties and directs the legal proceedings. Importantly, investors should know that choosing to be a lead plaintiff does not affect their eligibility for any future recovery from the lawsuit.

Potential plaintiffs are encouraged to provide their information to Robbins Geller or contact attorneys J.C. Sanchez or Jennifer N. Caringal at 800/449-4900 for further guidance.

About Robbins Geller Rudman & Dowd LLP

Robbins Geller is recognized as one of the leading law firms specializing in securities fraud. The firm maintains its reputation with a remarkable track record, securing over $6.6 billion in recoveries for investors over the past four years. They have proven to be particularly effective, attaining more monetary relief than their peers. The firm’s history includes achieving the largest securities class action recovery ever in the In re Enron Corp. litigation, making it a trusted name among investors.

For more information about the firm and their services, or to learn more about joining the class action, you can visit their website.

In summary, investors in Zeta Global Holdings Corp. facing substantial losses may have a chance for legal recourse. It will be crucial for involved parties to act swiftly to ensure they can participate in the developments of this unfolding situation.