The complaint, titled Tejeda v. ZoomInfo Technologies et al., claims the company violated the Securities Exchange Act of 1934 by misrepresenting the strength of its customer retention. While leadership previously touted strong demand for its AI go-to-market platform, the company revealed on May 11, 2026, that revenue projections were being slashed due to widespread customer rejection of these tools. The resulting market correction saw shares drop from $6.04 to $4.06 overnight.
Bleichmar Fonti & Auld LLP, the firm representing the class, alleges that ZoomInfo’s internal messaging regarding "AI and agentic confusion" contradicted public assurances given to investors earlier in the year. Shareholders looking to participate in the litigation or seeking further information regarding their legal standing are directed to the firm’s case portal, as representation is handled on a contingency basis with no out-of-pocket costs for participants.
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