RADNOR, Pa. — Investors who purchased shares of Zeta Global Holdings Corp. during a specified period this year may be eligible to join a class action lawsuit, according to a recent announcement from the law firm Kessler Topaz Meltzer & Check, LLP. The lawsuit has been filed in the United States District Court for the Southern District of New York and covers all purchases of Zeta securities from February 27, 2024, to November 13, 2024.
The securities litigation targets Zeta Global Holdings Corp., a publicly traded company on the New York Stock Exchange under the symbol ZETA. Investors have until January 21, 2025, to request to be appointed as the lead plaintiff in the case.
The complaint lodged against Zeta alleges a series of fraudulent activities designed to artificially inflate the company’s financial results. Among the allegations are that Zeta engaged in deceptive two-way contracts and round-trip transactions. Furthermore, the company is accused of using predatory consent farms to amass large quantities of user data, which reportedly drove most of the company’s growth during the period.
According to the legal firm, these misleading strategies by Zeta’s management gave investors a greatly distorted view of the company’s financial health and operations. Investors were therefore presumably misguided by the company’s ostensibly positive disclosures about its business prospects.
Kessler Topaz Meltzer & Check, LLP advises any Zeta investors who have suffered significant losses during the class period to get in touch directly with the firm to explore their legal options. Investors can choose to actively participate in the lawsuit or remain passive, but they must decide by the January deadline whether they wish to apply to be the lead plaintiff—a role that allows greater influence over the litigation.
The role of the lead plaintiff is critical as they act on behalf of all class members in directing the class action lawsuit. Typically, this position is filled by an investor or a small group of investors who have suffered the largest financial losses and who typify the grievances of the broader group involved in the class.
As a law firm with a national footprint, Kessler Topaz Meltzer & Check, LLP specializes in prosecuting class actions to challenge financial fraud and other corporate misconduct across state and federal courts in the U.S. and globally. The firm emphasizes its commitment to defending the interests of investors and other stakeholders against corporate abuses.
For more detailed information about this case or to understand more about the services of Kessler Topaz Meltzer & Check, LLP, individuals can reach out directly to the firm through their contact points.
Jonathan Naji, Esq., a leading attorney at the firm, can be contacted for further details regarding the ongoing litigation against Zeta Global Holdings Corp.
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