ZI LAWSUIT ALERT: The Gross Law Firm Notifies ZoomInfo Technologies Inc. Investors of a Class Action Lawsuit and Upcoming Deadline

Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of ZoomInfo Technologies Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements during the class period from November 10, 2020, to August 5, 2024 [1]. Group 1: Allegations Against ZoomInfo - The complaint alleges that ZoomInfo's financial results were temporarily inflated due to the COVID-19 pandemic, which created a pull-forward demand for its database services [1]. - It is claimed that a significant portion of ZoomInfo's customer base was either reducing their usage of the product or abandoning it entirely [1]. - The company allegedly employed manipulative auto-renew policies and threats of litigation to retain customers against their will, damaging customer relationships and creating a hidden demand cliff for future contract renewals [1]. - As a result of these practices, ZoomInfo's reported revenues, operating income, and customer retention metrics were materially overstated [1]. Group 2: Class Action Details - Shareholders who purchased shares of ZoomInfo during the specified class period are encouraged to register for the class action, with a deadline set for November 4, 2024 [2]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the status of the case [2]. - There is no cost or obligation for shareholders to participate in this class action [2].