Lowey Dannenberg Notifies ZoomInfo Technologies, Inc. (“ZoomInfo” or the “Company”) (NASDAQ: ZI) Investors of Securities Class Action Lawsuit and Encourages Investors with more than $100,000 in Losses to Contact the Firm

Core Viewpoint - A class action lawsuit has been filed against ZoomInfo Technologies, Inc. for alleged violations of federal securities laws, claiming that the company's financial results were misleading during the specified Class Period [1][2]. Group 1: Allegations Against ZoomInfo - The lawsuit alleges that ZoomInfo's financial and operational results were temporarily inflated due to the COVID-19 pandemic, which created a false demand for its database services [2]. - It is claimed that a significant portion of ZoomInfo's customer base was either reducing their usage of the product or abandoning it entirely [2]. - The company is accused of employing manipulative auto-renew policies and threats of litigation to retain customers against their will, damaging customer relationships and competitive advantages [2]. - The lawsuit suggests that these coercive tactics have led to a hidden demand cliff for future customer contract renewals, resulting in overstated revenues and operating income [2]. Group 2: Impact on Investors - Following the revelation of these allegations, ZoomInfo's stock price declined sharply, causing significant financial losses for investors [3]. - Investors who suffered losses exceeding $100,000 are encouraged to participate in the lawsuit, with a deadline for Lead Plaintiff applications set for November 4, 2024 [3].