Kuznicki Law PLLC notifies investors that a class action has commenced in the United States District Court for the Southern District of New York on behalf of shareholders of Zeta Global Holdings Corp. who purchased shares between February 27, 2024 and November 13, 2024.
Zeta Global and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (1) the Company used two-way contracts to artificially inflate financial results; (2) the Company engaged in round trip transactions to artificially inflate financial results; (3) the Company utilized predatory consent farms to collect user data and these consent farms have driven almost the entirety of Zeta’s growth; (4) as a result, defendants’ positive statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
If you wish to choose counsel to represent you and the class, you must apply to be appointed lead plaintiff and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement for the class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the respective securities during the class periods. Members of the class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. No class has yet been certified in the above action. Appointment as Lead Plaintiff is not required to partake in any recovery.
Shareholders have until January 21, 2025 to request that the court appoint them lead plaintiff.