SAN FRANCISCO, March 2, 2026 /PRNewswire/ — Schubert Jonckheer & Kolbe LLP reminds ZoomInfo Technologies, Inc. (NASDAQ: GTM) investors that the firm is investigating potential legal claims arising from alleged false statements about the sustainability of ZoomInfo’s subscriber base, customer collectability, and insider stock sales. Current shareholders are encouraged to contact the firm here: https://www.classactionlawyers.com/zoominfoupdate.
On October 28, 2025, U.S. District Judge Tiffany M. Cartwright ruled that key claims in a securities fraud lawsuit against ZoomInfo, its CEO, and two former executives will move forward. The lawsuit alleges that between November 2020 and August 2024, the company misled investors by overstating the health of its small- and mid-sized business customers and not conducting adequate customer due diligence. These statements allegedly caused ZoomInfo’s stock to trade at artificially inflated prices. Judge Cartwright found the complaint sufficiently alleged that false and misleading statements about these matters were made with an intent to defraud. During this period, company insiders sold over $1.2 billion in stock. After the full truth came out in August 2024, when the company incurred a $33 million accounting charge and reduced guidance by $65 million, the stock fell 18%.
ZoomInfo Technologies, Inc. (NASDAQ: GTM) Investor Reminder: If you own ZoomInfo stock, you may have legal options.
We are investigating potential wrongdoing by ZoomInfo’s directors and officers in connection with these allegations.
If you own ZoomInfo stock, you may have legal options. Visit https://www.classactionlawyers.com/blog/zoominfoupdate to learn more.
About Schubert Jonckheer & Kolbe LLP
Schubert Jonckheer & Kolbe represents consumers in class actions and shareholders in derivative actions against corporate officers and directors. The firm is based in San Francisco and, with the help of co-counsel, litigates cases nationwide.
Contact
Dustin L. Schubert
dschubert@schubertlawfirm.com
Tel: 415-788-4220
SOURCE Schubert Jonckheer & Kolbe LLP