
GTM SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Reminds ZoomInfo Investors of Securities Class Action Lawsuit Deadline on August 24, 2026
Newsfile Corp
Published: Aug 19, 2026, 02:14 AM
Sentiment Analysis
If you purchased or acquired securities in ZoomInfo Technologies, Inc. (NASDAQ: GTM) between November 3, 2025 and May 11, 2026, you may have legal options. The deadline to seek the role of lead plaintiff in a federal securities class action against the Company is August 24, 2026.
The complaint alleges that ZoomInfo and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that the Company was experiencing slowing growth in its legacy seat-based subscription platforms and weakening customer retention in its downmarket segment. The complaint further alleges that the Company minimized concerns that customers were moving towards consumption-based usage models and developing internal AI-driven go-to-market solutions.
On May 11, 2026, ZoomInfo announced its first quarter 2026 financial results, revealing a sharp decline in growth outlook and lowering its 2026 full year financial guidance. The Company also announced it was realigning its downmarket business, laying off 20% of its workforce, and expecting to incur approximately $45-60 million in restructuring costs. On this news, ZoomInfo's stock price fell approximately 33%.
Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
Source: Newsfile Corp
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