SAN DIEGO — A recent class action lawsuit has been filed against Zeta Global Holdings Corp. by Robbins Geller Rudman & Dowd LLP on behalf of investors who purchased or acquired securities from the company between February 27, 2024, and November 13, 2024. Plaintiffs in the suit, captioned Davoodi v. Zeta Global Holdings Corp., Case No. 24-cv-08961, filed in the Southern District of New York, allege that Zeta Global and certain executives violated provisions of the Securities Exchange Act of 1934.
The complaint centers on allegations that Zeta Global used dubious methods to enhance its financial appearance to investors. These methods supposedly included the use of two-way contracts and round trip transactions that unfairly represented the company’s financial condition. Moreover, the lawsuit accuses the company of using predatory consent farms to gather user data, a practice that reportedly fueled much of Zeta Global’s reported growth.
The implications of these allegations surfaced significantly when Culper Research released a comprehensive report on November 13, 2024, entitled “Zeta Global Holdings Corp (ZETA): Shams, Scams, and Spam,” leading to a precipitous over 37% drop in the value of Zeta Global’s stock.
Investors who suffered considerable financial losses during the specified period have the opportunity to petition for lead plaintiff status in the case until January 21, 2025. The role of the lead plaintiff is critical as this individual or group primarily directs the litigation and potentially influences the outcome for other class members.
Robbins Geller Rudman & Dowd LLP, representing the plaintiffs, has a notable history of handling similar large-scale securities fraud cases. Ranked among the top firms for securing substantial monetary recovery for investors, the firm has orchestrated some of the largest securities class action settlements in history, including a record $7.2 billion recovery in the In re Enron Corp. Sec. Litig.
Anyone interested in learning more about the Zeta Global lawsuit or wishing to participate as a lead plaintiff can contact attorneys J.C. Sanchez or Jennifer N. Caringal via phone or through their email addresses provided by the firm.
It is important for potential plaintiffs to understand that their ability to recover losses does not depend on them serving as the lead plaintiff. Previous outcomes in similar cases do not necessarily guarantee results in new contexts.
For additional information, potential plaintiffs and interested parties are advised to contact Robbins Geller Rudman & Dowd LLP directly or visit their website.
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