Investors Target ZoomInfo in Securities Class Action Lawsuit

The complaint filed against ZoomInfo (NASDAQ: GTM) asserts violations of the Securities Exchange Act of 1934, specifically targeting the company's disclosures during the period from November 3, 2025, to May 11, 2026. According to the court filings, ZoomInfo touted the expansion of its AI-powered suite even as key clients began canceling or revising purchase agreements in favor of developing proprietary in-house solutions.

Investors who incurred losses during this window have until August 24, 2026, to file for lead plaintiff status. While the DJS Law Group is soliciting participation from affected shareholders, legal counsel notes that appointment as a lead plaintiff is not a prerequisite for recovering potential damages. The firm, headed by David J. Schwartz, specializes in securities litigation and represents a portfolio of institutional clients, including hedge funds and alternative asset managers, in recovery efforts related to corporate governance and misleading financial disclosures.