ZoomInfo Technologies Inc. (GTM) Form 8-K — Oct 19, 2026
ZoomInfo Technologies executed a memorandum of understanding on October 16, 2026, to settle the securities class action filed September 4, 2024, in the Western District of Washington. The settlement provides for a $44 million payment to the putative class, partially expected to be covered by remaining insurance funds, in exchange for dismissal and release of claims. The class action covered investors who purchased ZoomInfo common stock between November 10, 2020, and August 5, 2024, alleging misleading statements about the business including COVID-19 pandemic effects on performance. The settlement requires preliminary and final court approval and is not an admission of fault.
Key figures
- Class period
- November 10, 2020 to August 5, 2024
- Settlement amount
- $44 million
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