NEW YORK — Investors of Zeta Global Holdings Corp. are being alerted by The Gross Law Firm about a potential class action suit concerning shareholders who acquired shares within a specified period, the law firm confirmed Monday. Shareholders who bought Zeta’s stock between February 27, 2024, and November 13, 2024, are encouraged to reach out to the firm to explore the possibility of becoming a lead plaintiff, though it is not mandatory for participation in any potential recovery process.
The allegations assert that Zeta Global Holdings issued misleading statements and did not disclose acts that artificially inflated its financial results during the relevant period. Specifically, the lawsuit claims that the company utilized dual-way contracts, engaged in round trip transactions, and operated so-called “consent farms” to accrue user data improperly. These consent farms are alleged to have significantly contributed to the company’s growth during that time.
The complaint further accuses the company’s defendants of delivering false positive statements about Zeta’s business operations and its outlooks, which were substantially misleading or lacked a reasonable foundation. These activities, the lawsuit claims, misled investors about the company’s actual financial health and business practices, leading to losses when the truth was revealed.
Potential plaintiffs have until January 21, 2025, to register their interest in being named lead plaintiffs. The law firm emphasizes that there is no cost or obligation involved in signing up for or participating in the class action.
The Gross Law Firm, recognized for championing investor rights through class actions, asserts its dedication to ensuring corporate accountability and ethical business practices. It seeks to recover losses for investors stemming from corporate misconduct that results in stock value inflation due to misleading or false information.
Investors interested in joining the class action against Zeta Global Holdings may contact The Gross Law Firm directly to provide their details and learn more about the case, including the possible recovery and legal action process.
The Gross Law Firm is located at 15 West 38th Street, 12th floor, New York, NY, 10018. Investors may also reach the firm via email or phone.
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