RADNOR, Pa. — Investors who purchased securities from Zeta Global Holdings Corp. during a specified period last year may be entitled to participate in a class action lawsuit, according to an announcement by Kessler Topaz Meltzer & Check, LLP. The lawsuit alleges that Zeta engaged in fraudulent practices that inflated its financial results, and the firm is urging affected shareholders to come forward.
The lawsuit, filed in the United States District Court for the Southern District of New York, covers those who acquired Zeta securities from February 27, 2024, to November 13, 2024. The complaint alleges that Zeta, a publicly traded company, misled investors by using dubious methods to boost its financial appearance, including the deployment of two-way contracts and round trip transactions that artificially inflated its revenue figures.
Further accusations include the company’s use of predatory consent farms to amass user data, a practice said to have significantly driven the company’s growth during the class period. These disclosures, or the lack thereof, purportedly led to misleading statements about Zeta’s operational health and future prospects, affecting shareholder value when the truth emerged.
Potential claimants have until January 21, 2025, to request appointment as a lead plaintiff in the case. This role involves representing the interests of all class members in the litigation, with the responsibility of directing the lawsuit and potentially selecting and liaising with counsel.
Kessler Topaz Meltzer & Check, LLP, the firm representing the investors, is known for its pursuit of litigation concerning corporate misconduct and has secured substantial recoveries on behalf of defrauded investors across various high-profile cases. According to the firm, these efforts aim to hold corporations accountable for deception and other unethical practices that harm investors.
Investors who believe they suffered financial losses due to the actions and disclosures of Zeta are encouraged to contact the law firm directly. Legal consultations are being offered to discuss eligibility for inclusion in the claim and potential recovery avenues.
For more information or to participate in this lawsuit, affected parties are advised to contact Kessler Topaz Meltzer & Check, LLP. Representation decisions will not affect an investor’s right to partake in any eventual recovery, should the court rule in favor of the plaintiffs.
Interested parties should note that this lawsuit pertains specifically to allegations of securities fraud and not to the operational practices of Zeta outside of the disclosures in question.
For further inquiries, contact information and additional details regarding the proceedings can be found on the Kessler Topaz Meltzer & Check, LLP website.
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