ZoomInfo Technologies, Inc. (NASDAQ: GTM) Investor Alert: Schubert Jonckheer Investigating Possible False Claims, Over $1.2 Billion Insider Sales

On October 28, 2025, U.S. District Judge Tiffany M. Cartwright ruled that key claims in a securities fraud lawsuit against ZoomInfo, its CEO, and two former executives will move forward. The lawsuit alleges that between November 2020 and August 2024, the company misled investors by overstating the health of its small- and mid-sized business customers and not conducting adequate customer due diligence, despite knowing that many customers were unlikely to pay in full. These statements allegedly caused ZoomInfo's stock to trade at artificially inflated prices. Judge Cartwright found the complaint sufficiently alleged that false and misleading statements about these matters were made with an intent to defraud. During this period, company insiders sold over $1.2 billion in stock. After the full truth came out in August 2024, when the company incurred a $33 million accounting charge and reduced guidance by $65 million due to customer collectability issues and prior credit extended to high-risk customers, the stock fell 18%.

We are investigating potential wrongdoing by ZoomInfo's directors and officers in connection with these allegations.