Faruqi & Faruqi says it is investigating ZoomInfo claims before Aug. 24 deadline
Faruqi & Faruqi says it is investigating claims tied to ZoomInfo Technologies and is reminding investors of an Aug. 24 deadline to seek lead-plaintiff status in a federal securities class action.
Faruqi & Faruqi, LLP said it is investigating potential claims involving ZoomInfo Technologies, Inc. and is reminding investors that Aug. 24, 2026, is the deadline to seek appointment as lead plaintiff in a federal securities class action.
The notice says the case could affect investors who purchased or acquired ZoomInfo securities between Nov. 3, 2025, and May 11, 2026, inclusive. It says the company trades on Nasdaq under the symbol GTM.
According to the notice, ZoomInfo shares fell $1.98, or about 33%, to close at $4.06 on May 12, 2026, after the company announced first-quarter 2026 results the previous day.
In its description of the case, the notice says ZoomInfo and certain executives violated federal securities laws by making false and/or misleading statements and by failing to disclose slowing growth in its legacy seat-based subscription platforms, weaker customer retention in its downmarket segment and customer movement toward consumption-based usage models and internal AI-driven go-to-market solutions.
The notice says the company minimized those concerns. It identifies the filing as a securities class action, but the allegations remain unproven in the notice itself.
Background cited in the notice includes ZoomInfo’s May 11, 2026, announcement, after the market closed, that it had lowered full-year 2026 guidance, realigned its downmarket business, planned to lay off about 20% of its workforce and expected restructuring costs of about $45 million to $60 million.
Faruqi & Faruqi described itself as a national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm said it was founded in 1995 and has recovered hundreds of millions of dollars for investors. The notice also provided contact details for partner Josh Wilson and invited investors, whistleblowers, former employees, shareholders and others with information about ZoomInfo’s conduct to reach out.
The next stated deadline in the notice is Aug. 24, 2026, for investors seeking appointment as lead plaintiff.
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