Overview
- On May 11, 2026 ZoomInfo disclosed weaker-than-expected Q1 results, sharply reduced 2026 guidance, realigned its downmarket business, announced about 20% layoffs and said it would incur $45–60 million in restructuring charges, and the stock fell roughly 33% the next trading day.
- Complaints filed by investors allege ZoomInfo and certain executives made false or misleading statements about growth, slowing legacy seat-based subscriptions, weakening customer retention in the downmarket and demand for AI products.
- Multiple plaintiff firms, including Faruqi & Faruqi, DJS Law Group, The Schall Law Firm, Robbins LLP and The Gross Law Firm, are actively soliciting investors to join the cases or seek appointment as lead plaintiff.
- The litigation is at an early procedural stage: no class has been certified, there are no merits rulings yet, and the deadline for investors to move for lead‑plaintiff appointment under the Private Securities Litigation Reform Act is August 24, 2026.
- Whoever is appointed lead plaintiff will direct the litigation and select counsel, a role that can shape case strategy and potential recovery for shareholders and may prompt scrutiny of ZoomInfo's disclosures and governance going forward.