GTM Class Action: ZoomInfo Investors Alerted to The Filed Securities Fraud Class Action - Legal Deadline Approaching on August 24
Bleichmar Fonti & Auld LLP announced that a class action lawsuit has been filed against ZoomInfo Technologies (GTM) and certain executives for securities fraud. The complaint alleges that ZoomInfo misled investors regarding the impact of its AI-integrated products on customer retention, which preceded a guidance cut and a 33% stock drop in May.
Key figures
- Prior guidance
- $1.247 billion to $1.267 billion
- Slashed guidance
- $1.185-$1.205 billion
- Stock drop percent
- 32.78%
AI analysis
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