Judge lets ZoomInfo securities fraud lawsuit proceed

Reuters

Mar 02

Judge lets ZoomInfo securities fraud lawsuit proceed

A U.S. federal judge has allowed key claims in a securities fraud lawsuit against ZoomInfo Technologies to proceed, alleging the company misled investors from November 2020 to August 2024 about the sustainability of its subscriber base and the health and collectability of small- and mid-sized business customers. The claims also cite more than $1.2 billion in insider stock sales, and point to an August 2024 accounting charge and reduced guidance that preceded an 18% share-price drop.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ZoomInfo Technologies Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202603020900PR_NEWS_USPR_____DC98419) on March 02, 2026, and is solely responsible for the information contained therein.

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The claims also cite more than $1.2 billion in insider stock sales, and point to an August 2024 accounting charge and reduced guidance that preceded an 18% share-price drop.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ZoomInfo Technologies Inc. published the original content used to generate this news brief via PR Newswire (Ref. 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