NEW ORLEANS, Nov. 27, 2024 (GLOBE NEWSWIRE) — ClaimsFiler, a FREE shareholder information service, reminds investors that they have until January 21, 2025 to file lead plaintiff applications in a securities class action lawsuit against Zeta Global Holdings Corp. (“Zeta” or the “Company”) (NYSE: ZETA), if they purchased the Company’s securities between February 27, 2024 and November 13, 2024, inclusive (the “Class Period”). This action is pending in the United States District Court for the Southern District of New York.
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Zeta Global investors should visit us at https://claimsfiler.com/cases/nyse-zeta/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.
About the Lawsuit
Zeta Global and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (1) the Company used two-way contracts to artificially inflate financial results; (2) the Company engaged in round trip transactions to artificially inflate financial results; (3) the Company utilized predatory consent farms to collect user data and these consent farms have driven almost the entirety of Zeta’s growth; (4) as a result, defendants’ positive statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
The case is Davoodi v. Zeta Global Holdings Corp., et al., No. 24-cv-8961.
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