The complaint centers on allegations that ZoomInfo executives disseminated materially false information to investors while obscuring the company’s slowing growth and weakening customer retention in its downmarket segment. Plaintiffs contend the company failed to disclose the impact of customers shifting toward consumption-based usage models and the competitive pressure from internal AI-driven go-to-market alternatives.

The volatility materialized on May 11, 2026, when ZoomInfo released its first-quarter financial results. The disclosure of a lowered full-year guidance triggered a significant market reaction, sending the company’s share price from $6.04 to $4.06 the following day—a single-session decline of approximately 33%. Investors looking to participate in the recovery effort can register through The Gross Law Firm, which provides portfolio monitoring services for those enrolled in the action.