Kaplan Fox & Kilsheimer LLP announced that a class action lawsuit was filed against ZoomInfo Technologies Inc. on behalf of investors who purchased or otherwise acquired the company’s securities between Nov. 3, 2025, and May 11, 2026. The firm said ZoomInfo cut its 2026 revenue guidance from $1.247 billion-$1.267 billion to $1.185 billion-$1.205 billion after reporting first-quarter results on May 11, 2026. Chief Executive Officer Henry Schuck attributed the pressure to AI and agentic confusion that caused a pause in purchasing decisions. The complaint also alleges that ZoomInfo disclosed $45 million-$60 million in restructuring costs and plans to lay off 20% of its workforce. ZoomInfo shares fell $1.98, or nearly 33%, on May 12 to close at $4.06. The complaint alleges that defendants misled investors about the company’s revenue outlook, growth prospects for its legacy and AI-driven products, core software business and net revenue retention. It further alleges that slowing seat-based demand, weaker upsells and customers changing AI purchasing and development plans made the 2026 guidance increasingly unlikely to be achieved. Investors seeking to serve as lead plaintiff must ask the court by Aug. 24, 2026, although doing so is not required to participate in any potential recovery.