According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of ZoomInfo’s slowing growth, its legacy seat-based subscription platforms, and weakening customer retention in its downmarket segment. Further, the Company minimized concerns that customers were moving towards consumption-based usage models and developing internal AI-driven go-to-market solutions.
On May 11, 2026, ZoomInfo announced its first quarter 2026 financial results, unveiling a sharp decline in growth outlook and accordingly lowered its 2026 full year financial guidance.
Following this news, the price of ZoomInfo’s common stock declined dramatically from a closing market price of $6.04 per share on May 11, 2026, ZoomInfo’s stock price fell to $4.06 per share on May 12, 2026, a decline of about 33%.
“Our firm is committed to ensuring that investors receive full compensation for losses caused by corporate misrepresentations,” said Joseph E. Levi, a partner at Levi & Korsinsky. “We encourage GTM shareholders to step forward before the August 24, 2026 deadline so we can pursue justice on their behalf.”
