INTRODUCTION TO THE ZoomInfo CLASS ACTION LAWSUIT Call us today for a free case evaluation in the ZoomInfo class action lawsuit
A class action lawsuit has been filed seeking to represent purchasers of ZoomInfo Technologies, Inc. (NASDAQ: ZI) Class A common stock between November 10, 2020 and August 5, 2024, inclusive (the “Class Period”). Captioned City of Pontiac Police and Fire Retirement System v. ZoomInfo Technologies, Inc., No. 24-cv-05739 (W.D. Wash.), the ZoomInfo class action lawsuit charges ZoomInfo and certain of ZoomInfo’s top executive officers and others with violations of the Securities Exchange Act of 1934.
If you have suffered losses in ZoomInfo stock and are interested in becoming the lead plaintiff in the ZoomInfo class action lawsuit or have any inquiries regarding your rights as a shareholder, please reach out to ZoomInfo Stock Loss Lawyer Timothy L. Miles at no cost. You can contact him by calling 855/846-6529, sending an e-mail to [email protected], or filling out a contact form. Lead plaintiff motions for the ZoomInfo class action lawsuit must be filed with the court no later than November 4, 2024. In this step-by-step guide, we will discuss the intricacies of securities class action lawsuits, and how they apply to the ZoomInfo class action lawsuit, providing you with a clear understanding of the legal framework that governs them. From the filing requirements to the key elements of a claim, we will explore the various aspects of securities class action litigation. KEY LAWS THAT APPLY TO ZoomInfo SECURITIES CLASS ACTION LAWSUITS SUCH AS THE SYMBOTIC CASS ACTION LAWSUIT
The majority of securities fraud claims are brought under Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5. The Securities Exchange Act of 1934 (Exchange Act) is a crucial piece of legislation that regulates the trading of securities in the United States. It establishes the framework for securities class actions by providing investors with a private right of action against companies that violate the securities laws.
Under Section 10(b) of the Exchange Act, it is unlawful to use any manipulative or deceptive device in connection with the purchase or sale of securities. This provision forms the basis for many securities class action lawsuits, as it prohibits fraudulent conduct in the securities markets. The Securities Exchange Act of 1934 and Its Impact on Class ActionsThe Private Securities Litigation Reform Act of 1995 and Its Provisions
The Private Securities Litigation Reform Act of 1995 (PSLRA) introduced significant reforms to securities class action litigation. The PSLRA was enacted to address concerns about frivolous lawsuits and abusive practices in the securities litigation arena.
One of the key provisions of the PSLRA is the requirement for plaintiffs to meet a higher standard of pleading known as the “strong inference” standard. This standard necessitates that plaintiffs provide specific facts giving rise to a strong inference of scienter, or fraudulent intent, on the part of the defendants. Another important provision of the PSLRA is the requirement for lead plaintiffs to meet certain criteria to be appointed as representatives in class action lawsuits. Under this act, lead plaintiffs must have suffered significant financial losses and must demonstrate that they are capable of adequately representing the interests of other class members. This provision is intended to prevent opportunistic plaintiffs from taking advantage of class action lawsuits for personal gain and ensures that only qualified individuals or entities can lead these lawsuits. The Securities Act of 1933 And Its Relevance to Class Actions
The Securities Act of 1933 (Securities Act) primarily focuses on the initial offering and sale of securities. Although securities class actions are more commonly associated with the Exchange Act, the Securities Act also plays a significant role in securities litigation.
Under Section 11 of the Securities Act, investors who purchase securities issued under a registration statement that contains false or misleading statements may bring a class action lawsuit against the issuer, underwriters, and other relevant parties. RECENT DEVELOPMENTS AND UPDATES IN SECURITIES CLASS ACTION LAWS
The legal landscape surrounding securities class action lawsuits is constantly evolving. Recent developments in securities laws and court decisions have had a significant impact on the way these lawsuits are filed, litigated, and resolved.
One notable development in recent years is the Supreme Court’s decision in the case of Halliburton Co. v. Erica P. John Fund, Inc. In this case, the Court clarified the requirements for class certification in securities fraud cases, endorsing the “price impact” rule. This rule requires plaintiffs to demonstrate that the alleged misrepresentation or omission affected the price of the security. Additionally, the rise of cryptocurrency and digital assets has given rise to new challenges and legal considerations in securities class actions. Regulators are grappling with how to apply existing securities laws to these emerging technologies, and courts are faced with novel questions regarding their jurisdiction and the applicability of traditional securities laws. THE ROLE OF REGULATORY BODIES IN SECURITIES CLASS ACTIONS
Regulatory bodies such as the Securities and Exchange Commission (SEC) and self-regulatory organizations (SROs) play a crucial role in securities class action litigation. These entities have the authority to investigate and enforce securities laws, and their actions often provide the basis for securities class actions.
The SEC, as the primary federal regulatory agency responsible for enforcing federal securities laws, has the power to bring enforcement actions against individuals and companies for violations of these laws. These enforcement actions can catalyze securities class actions, providing plaintiffs with evidence of alleged misconduct. SROs, such as the Financial Industry Regulatory Authority (FINRA), also play a role in securities class action litigation. FINRA is a self-regulatory organization that oversees brokerage firms and registered representatives. It has the authority to bring disciplinary actions against its members for violations of securities laws and rules, which can give rise to securities class actions. CONCLUSION
Securities class action lawsuits have become a prominent feature of the modern financial landscape. Understanding the laws and regulations that govern these lawsuits, including the ZoomInfo class action lawsuit, is essential for both investors seeking compensation and companies facing potential legal action.
By familiarizing yourself with the legal framework of securities class actions, including the Securities Exchange Act of 1934, the Private Securities Litigation Reform Act of 1995, and the Securities Act of 1933, you can better protect your rights and make informed decisions in the ZoomInfo class action lawsuit and in general. Stay updated on recent developments in securities class action laws, as they continue to shape the litigation landscape and could affect the ZoomInfo class action lawsuit. Keep in mind the role of regulatory bodies, such as the SEC and SROs, in enforcing securities laws and providing the basis for class actions. CONTACT ZoomInfo STOCK LOSS LAWYER TODAY TIMOTHY L. MILES TODAY ABOUT A ZoomInfo CLASS ACTION LAWSUIT
If you suffered losses in ZoomInfo stock, contact ZoomInfo stock loss lawyer Timothy L. Miles today for a free case evaluation about a ZoomInfo class action lawsuit. Call today and see what a ZoomInfo stock loss lawyer could do for you if you suffered losses in ZoomInfo stock. This will most likely be the only call you need to make. (855) 846–6529 or [email protected].
The Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center 300 Centerview Dr., #247 Brentwood, TN 37027 Phone: (855) 846–6529 Email: [email protected] ZoomInfo stock loss lawyer Timothy L. MilesNashville attorney Timothy L. Miles is a nationally recognized shareholder rights attorney raised in Nashville, Tennessee. Mr. Miles has dedicated his career to representing shareholders, employees, and consumers in complex class-action litigation. Whether serving as lead, co-lead, or liaison counsel, Mr. Miles has helped recover hundreds of millions of dollars for defrauded investors, shaped precedent-setting decisions, and delivered real corporate governance reforms. Judges and peers have repeatedly recognized Mr. Miles’ relentless advocacy for the underdog, as well as his unbendable ethical standards. Mr. Miles was recently selected by Martindale-Hubbell® and ALM as a 2022 Top Ranked Lawyer, 2022 Top Rated Litigator. and a 2022 Elite Lawyer of the South. Mr. Miles also maintains the AV Preeminent Rating by Martindale-Hubbell®, their highest rating for both legal ability and ethics. Mr. Miles is a member of the prestigious Top 100 Civil Plaintiff Trial Lawyers: The National Trial Lawyers Association,Class Action: Class Action: Top National Trial Lawyers, National Trial Lawyers Association (2023), a superb rated attorney by Avvo, a recipient of the Lifetime Achievement Award by Premier Lawyers of America (2019) and recognized as a Distinguished Lawyer, Recognizing Excellence in Securities Law, by Lawyers of Distinction (2019); a Top Rated Litigator by Martindale-Hubbell® and ALM (2019-2022); America’s Most Honored Lawyers 2020 – Top 1% by America’s Most Honored (2020-2022). Mr. Miles has published over sixty articles on various issues of the law, including class actions, whistleblower cases, products liability, civil procedure, derivative actions, corporate takeover litigation, corporate formation, mass torts, dangerous drugs, and more. Please visit our website or call for free anytime. Comments are closed.
|
Hours |
|
