NEW YORK, Nov. 25, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of ZoomInfo Technologies, Inc. (“ZoomInfo” or the “Company”) (NASDAQ: ZI). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 7980. The investigation concerns whether ZoomInfo and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action]On November 9, 2020, ZoomInfo announced that on November 5, 2020, the audit committee of the Company’s board of directors concluded that ZoomInfo’s Q2 2020 financial statements filed with the U.S. Securities and Exchange Commission should not be relied on. ZoomInfo further disclosed that it would restate those results because it improperly recorded a $21.6 million tax benefit related to the GAAP basis and tax basis of partnerships owned by corporations within ZoomInfo’s corporate structure. As a result of this improper accounting, ZoomInfo understated its Q2 2020 net loss by over 38%. The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.CONTACT:Robert S. WilloughbyPomerantz LLPrswilloughby@pomlaw.com888-476-6529 ext. 7980
ZoomInfo (NASDAQ: ZI), a global leader in go-to-market intelligence solutions, today announced that ZoomInfo executives expect to participate in the following virtual investor events in December. For more information on specific events, presentation times, and webcast details (if available), visit the "News & Events" section on the company’s investor relations website at https://ir.zoominfo.com.
ZoomInfo Technologies Inc. ("ZoomInfo" or the "Company") today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission (the "SEC") relating to the issuance from time to time of up to 4,500,000 shares of its Class A common stock upon exchange or settlement of certain outstanding vested equity incentive awards that were granted to ZoomInfo employees prior to the Company’s initial public offering earlier this year.