Zeta Global Holdings Corp. Faces Securities Fraud Class Action Lawsuit
TL;DR
Lead plaintiff deadline for securities class action lawsuit against Zeta Global is January 21, 2025.
Investors who purchased Zeta securities between February 27, 2024 and November 13, 2024 are eligible to participate in the lawsuit.
This legal action aims to protect investors from fraudulent practices, ensuring transparency and accountability in corporate operations.
Zeta Global accused of using deceptive practices to inflate financial results, shedding light on unethical behavior in the business world.
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Investors in Zeta Global Holdings Corp. (NYSE: ZETA) are facing a critical deadline in a securities fraud class action lawsuit. The law firm Kessler Topaz Meltzer & Check, LLP has announced that affected investors have until January 21, 2025, to seek appointment as lead plaintiff in the case.
The lawsuit, filed on behalf of those who purchased or acquired Zeta securities between February 27 and November 13, 2024, alleges that the company and its executives made materially false and misleading statements about Zeta's business operations and prospects. Specifically, the complaint accuses Zeta of using deceptive practices to artificially inflate its financial results, including the use of two-way contracts and round trip transactions.
Moreover, the lawsuit claims that Zeta utilized predatory consent farms to collect user data, a practice that allegedly drove almost all of the company's growth. These allegations, if proven true, could have significant implications for Zeta's reported financial health and future prospects.
This legal action highlights the ongoing scrutiny of data practices in the tech industry and the potential risks for investors in companies that rely heavily on user data for growth. The case also underscores the importance of corporate transparency and the consequences of alleged misrepresentations to shareholders.
As the lead plaintiff deadline approaches, affected Zeta investors must decide whether to actively participate in the lawsuit or remain passive class members. The lead plaintiff, typically the investor or group with the largest financial stake, plays a crucial role in directing the litigation and selecting legal representation for the class.
The outcome of this lawsuit could have far-reaching implications for Zeta Global Holdings Corp., its shareholders, and potentially the broader tech industry. It serves as a reminder of the legal and financial risks associated with alleged securities fraud and the mechanisms in place to protect investor interests.
Curated from NewMediaWire
