SueWallSt Reminds Shareholders of a Lead Plaintiff Deadline of August 24, 2026 in ZoomInfo Technologies, Inc. Lawsuit - GTM

ZoomInfo's SEC Filings Allegedly Used Generic Risk Language to Obscure Specific, Known Threats to Its Legacy Seat-Based Business and Downmarket Retention While Executives Publicly Projected Confidence in 2026 Growth

NEW YORK, Aug. 20, 2026 /PRNewswire/ -- SueWallSt examines the adequacy of ZoomInfo Technologies, Inc.'s (NASDAQ: GTM) risk disclosures during the period between November 3, 2025 and May 11, 2026. A securities class action has been filed on behalf of investors who suffered losses. Check if you might be eligible to recover your investment losses. You may also contact Joseph E. Levi, Esq. at [email protected] or (888) SueWallSt.

Shares fell $1.98 per share, a 33% decline, after ZoomInfo revealed a sharp deterioration in its 2026 growth outlook on May 11, 2026, slashing full-year guidance that had been set just three months earlier.

What the Company Disclosed

Throughout the Class Period, ZoomInfo's public filings and earnings presentations contained forward-looking statements about revenue growth, net revenue retention improvement, and the trajectory of its AI-driven product suite. The Company's fiscal 2026 guidance projected revenue of $1.247 billion to $1.267 billion, representing positive 1% annual growth at the midpoint. SEC filings included standard cautionary language warning that actual results could differ from projections.

What the Complaint Challenges as Missing

The securities action contends that these disclosures failed to address specific, material risks that were already affecting ZoomInfo's business:

• Customers were actively migrating from legacy seat-based subscription platforms toward consumption-based usage models, undermining the renewal economics that supported guidance
• Downmarket customer retention was weakening in ways not reflected in the aggregate 90% NRR figure highlighted to investors
• Enterprise customers were developing internal AI-driven go-to-market solutions that competed directly with ZoomInfo's core value proposition
• The Operations suite's 20% year-over-year growth, while real, was insufficient to offset accelerating churn in the legacy seat-based business
• The Company's transition from seat-based pricing to Data-as-a-Service models carried execution risks that were not quantified or meaningfully addressed in risk factor disclosures

Why Generic Warnings Allegedly Failed Investors

The complaint challenges the adequacy of ZoomInfo's cautionary language by drawing a distinction between hypothetical risks and risks that had already begun to materialize. As pleaded, the Company's boilerplate warnings about competitive pressures and customer purchasing patterns did not disclose that specific, quantifiable headwinds were already eroding the business assumptions underlying the fiscal 2026 outlook.

While executives publicly described "a lot in the positive column" and expressed confidence in "sustainably delivering revenue growth," the lawsuit maintains that known internal trends contradicted these assurances. The gap between what was disclosed generically and what was allegedly known specifically is at the center of the disclosure adequacy claims.

"Generic risk factor language cannot substitute for disclosing specific, known problems that are already affecting a company's operations. When a company's own internal metrics show deterioration that contradicts public guidance, investors deserve more than boilerplate cautionary statements." -- Joseph E. Levi, Esq.

Learn more about the case or call (888) SueWallSt.

LEAD PLAINTIFF DEADLINE: August 24, 2026

WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

Frequently Asked Questions About the GTM Lawsuit

Q: What specific misstatements does the GTM lawsuit allege? A: The complaint alleges ZoomInfo made materially false or misleading statements regarding its growth potential for fiscal year 2026, particularly concerning the health of its legacy seat-based subscription business, downmarket customer retention, and the ability of its AI product transition to offset churn. When the true state was revealed on May 11, 2026, the stock price declined 33%.

Q: When did ZoomInfo allegedly mislead investors? A: The class period runs from November 3, 2025 to May 11, 2026. During this period, executives allegedly made optimistic statements about revenue growth, net revenue retention, and AI product adoption while concealing known deterioration in the underlying business.

Q: What if I already sold my GTM shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold them. Investors who bought during the class period and sold at a loss may still participate.

Q: Do I need to go to court or give testimony? A: No. The overwhelming majority of class members never appear in court or give depositions. You submit a claim form to receive your portion of recovery.

Q: What does it cost me to participate? A: Nothing. Securities class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.

Q: How long will the lawsuit take to resolve? A: Securities class actions typically take two to four years from initial filing to resolution.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

[email protected]

Tel: (888) SueWallSt

Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.

SOURCE SueWallSt.com