COMPANY |
Zeta Global Holdings Corp. |
COURT |
United States District Court for the Southern District of New York |
CASE NUMBER |
24-cv-08961 |
JUDGE |
The Hon. Dale E. Ho |
CLASS PERIOD |
February 27, 2024 through March 10, 2025 |
SECURITY TYPE |
Securities |
Case Background:
This is a securities fraud class action lawsuit on behalf of those who purchased or acquired Zeta Global Holdings Corp. (“Zeta”) (NASDAQ: ZETA) common stock between February 27, 2024 and March 10, 2025, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Zeta used two-way contracts to artificially inflate financial results; (2) Zeta engaged in round trip transactions to artificially inflate financial results; (3) Zeta utilized predatory consent farms to collect user data; (4) these consent farms have driven almost the entirety of Zeta’s growth; and (5) as a result of the foregoing, Defendants’ positive statements about the company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Current Status of Case:
Defendants filed the Motion to Dismiss the Amended Complaint on July 11, 2025. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.