New York, New York–(Newsfile Corp. – December 21, 2024) – A Leading Securities Law Firm Blishmar Fonte & Old LLP Announces filing of lawsuit against Zeta Global Holdings Corp. (NYSE: ZETA) and certain of the company's senior executives for possible violations of the federal securities laws.
If you invest in Zeta, we encourage you to obtain additional information by visiting the website https://www.bfalaw.com/cases-investigations/zeta-global-holdings-corp.
Investors have until January 21, 2025 to ask the court to appoint them to lead the case. The Complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Zeta securities. The case is pending in the U.S. District Court for the Southern District of New York Davoudi v. Zeta International Holding Company, et al.No. 24-cv-08961.
What is the subject of the lawsuit?
Zeta is a cloud-based technology company that provides a marketing platform to help marketers acquire customers. The complaint alleges that Zeta asserted that its marketing platform was powered by the largest selected data set in the industry.
On November 13, 2024, prominent investment research firm Culper Research published a report titled: “Zeta Global Holdings Corp (ZETA): Shams, Scams, and Spam.” Based on Kolber's investigation, which included private interviews with industry experts and former Zeta employees, the research firm found that Zeta's data set was generated from a network of “consent farms” — that is, bogus websites designed to collect consumer data under false pretenses or prizes. Which didn't exist. Culper Research also wrote that these approval farms drove almost all of Zeta's growth over the past two years, accounting for 56% of adjusted EBITDA, and could lead to damaging regulatory actions.
This news caused a significant decline in Zeta's share price. On November 13, 2024, the Company's stock price fell 37%, from a closing price of $28.22 per share on November 12, 2024, to $17.76 per share on November 13, 2024.
Click here for more information: https://www.bfalaw.com/cases-investigations/zeta-global-holdings-corp.
What can you do?
If you invest in Zeta, you may have legal options and we advise you to provide your information to the company.
All representation is done on a contingency fee basis, and there is no cost to you. Shareholders bear no responsibility for any court costs or litigation expenses. The Company will seek court approval for any potential fees and expenses.
Submit your information by visiting:
https://www.bfalaw.com/cases-investigations/zeta-global-holdings-corp
Why Blichmar Fonti & Old Co., Ltd.?
Bleichmar Fonti & Auld LLP is a leading international law firm that represents plaintiffs in securities class actions and shareholder lawsuits. It is ranked a Top 5 Law Firm for Plaintiffs by ISS SCAS in 2023 and its attorneys have been named Titans of the Plaintiffs' Bar by Law360 and SuperLawyers by Thompson Reuters. Among its recent notable successes, BFA has recovered over $900 million in value from Tesla's (NASDAQ:) board (pending court approval), as well as $420 million from Teva Pharmaceuticals (NYSE:) Ind. . Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
https://www.bfalaw.com/cases-investigations/zeta-global-holdings-corp
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