The complaint, filed by the law firm Bronstein, Gewirtz & Grossman, LLC, covers investors who acquired ZoomInfo securities between November 3, 2025, and May 11, 2026. Plaintiffs allege that executives maintained an overly optimistic growth narrative while failing to disclose deteriorating fundamentals, including a shift in customer demand away from seat-based models and toward internal AI-driven solutions.
Market confidence faltered on May 11, 2026, when the company reported its first-quarter results and cut its annual revenue guidance by approximately $62 million. The news triggered a 33% drop in share price, which plummeted from $6.04 to $4.06 over the following day. Investors who suffered losses have until August 24, 2026, to file a motion to be appointed as lead plaintiff in the ongoing litigation.
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