ZoomInfo class action lawsuit
Analysis based on 6 articles · First reported Jul 08, 2026 · Last updated Jul 10, 2026
The lawsuit adds legal overhang on ZoomInfo, potentially leading to settlement costs or reputational damage. The stock already declined 33% after the guidance cut, and further volatility may occur as the case progresses.
A class action lawsuit has been filed against ZoomInfo Technologies Inc. (NASDAQ: GTM) and certain of its officers by Bronstein, Gewirtz & Grossman, LLC, LLC, alleging violations of federal securities laws. The complaint claims that between November 3, 2025 and May 11, 2026, ZoomInfo made materially false and misleading statements regarding its slowing seat-based demand, weakening upsell opportunities, and deteriorating fundamentals. It also alleges that the company's optimistic growth narrative, including full-year 2026 revenue guidance of $1.247-$1.267 billion and Copilot penetration, was misleading. On May 11, 2026, ZoomInfo reported Q1 2026 results and slashed its full-year revenue guidance by approximately $62 million, causing its stock price to drop 33% from $6.04 to $4.06 per share. Investors have until August 24, 2026 to request lead plaintiff appointment.
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