New York, NY — Levi & Korsinsky, LLP has announced a class action lawsuit on behalf of investors in Zeta Global Holdings Corp., a move prompted by allegations of securities fraud that reportedly affected shareholders between February 27, 2024, and November 13, 2024. Investors in the New York Stock Exchange-listed company, referred to commonly as Zeta, are urged to inquire about potential compensatory claims.
The lawsuit alleges significant malpractices by Zeta Global Holdings Corp., including the use of two-way contracts and round trip transactions purportedly aimed at inflating financial outcomes artificially. The complaint further accuses Zeta of utilizing predatory consent farms to collect user data, a method that is said to be central to the company’s growth strategy. These consent farms and other alleged deceptive practices have led to serious questions about the integrity of the company’s reported financial health and growth metrics.
According to Levi & Korsinsky, the defendants made several false statements and concealed activities that ultimately misled investors and tainted the company’s reported operational success. These actions, as detailed in the lawsuit, lacked a reasonable basis and were materially misleading, allegedly causing significant financial loss to the shareholders.
Investors who experienced losses during the specified period have until January 21, 2025, to petition the court for lead plaintiff status in the lawsuit. However, the ability to share in any potential financial recovery does not require acting as the lead plaintiff, allowing broader participation from the investor community.
Levi & Korsinsky assures affected shareholders that joining the class action will incur no out-of-pocket costs or fees. This provision aims to encourage potentially hesitant claimants to participate without concern for immediate financial burden.
Over the past two decades, Levi & Korsinsky have carved a niche in representing investors in complex securities litigation, securing hundreds of millions of dollars for aggrieved shareholders. The firm highlights its consistent recognition in the ISS Securities Class Action Services’ Top 50 Report, illustrating its place as a prominent player in securities litigation in the United States.
Moreover, the firm, located at 33 Whitehall Street in the 17th floor offices in New York, is equipped with a robust team of over 70 employees, including founding partners Joseph E. Levi, Esq. and Ed Korsinsky, Esq. Potential claimants or interested parties seeking more information or wishing to participate in the lawsuit are encouraged to reach out via email or phone, with details available on the firm’s official website.
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