ZoomInfo Shareholders Face August Deadline in Securities Fraud Lawsuit

The complaint filed by Glancy Prongay Wolke & Rotter LLP alleges that ZoomInfo failed to disclose significant headwinds impacting its business operations. Specifically, the suit claims that the company’s optimistic revenue guidance for 2026 lacked a reasonable basis due to cooling seat-based demand and a slowdown in upsells. Furthermore, the filing contends that management did not inform shareholders that customers were increasingly moving toward internal, proprietary AI solutions rather than purchasing the company’s offerings.

Investors who purchased securities during the specified class period maintain the right to seek recovery of their losses. Those wishing to represent the class as a lead plaintiff must file a motion with the court by the August 24 deadline. While Glancy Prongay Wolke & Rotter LLP is actively soliciting participants, investors are not obligated to use the firm and may retain counsel of their choice or remain absent class members as the litigation moves forward.