A separate Globe Newswire notice from Glancy Prongay Wolke & Rotter LLP cites the same August 24 lead-plaintiff deadline and details allegations tied to ZoomInfo's lowered 2026 outlook after first-quarter results.
Investors in ZoomInfo Technologies Inc. face an August 24, 2026 deadline to seek appointment as lead plaintiff in a securities fraud class action, with a new notice from Glancy Prongay Wolke & Rotter LLP adding detail to allegations around the company's 2026 outlook. The complaint alleges ZoomInfo made materially false or misleading statements during the class period while concealing slowing seat-based demand, weakening upsells, and customers revising decisions to purchase AI products and develop internal AI-driven go-to-market solutions. The new notice identifies the class period as November 3, 2025 to May 11, 2026 and says ZoomInfo on May 11, 2026 reported first-quarter 2026 results, reduced revenue guidance, said it was realigning its downmarket business, cutting 20% of its workforce, and expecting roughly $45 million to $60 million in restructuring costs, in part due to what it described as "a trend of AI and agentic confusion" in customer conversations. It says the stock fell $1.98, or 32.8%, to $4.06 on May 12, 2026. Investors do not need to be appointed lead plaintiff to remain members of the putative class action, the notice says.