Class Action Lawsuit Filed Against Zeta Global Holdings for Securities Fraud
legal communication shows that Zeta Global Holdings Corp. (NYSE: ZETA) is facing a class-action lawsuit for potential securities fraud. The lawsuit, filed by Bleichmar Fonti & Auld LLP, alleges that Zeta and its senior executives may have violated federal securities laws.
The lawsuit revolves around claims that Zeta misrepresented its marketing platform, stating that it was powered by the industry’s largest opted-in data set. However, a report by Culper Research revealed that Zeta’s data set was sourced from “consent farms” which gathered consumer data deceptively. This discovery led to a significant drop in Zeta’s stock price, declining 37% on November 13, 2024.
Investors who suffered losses in Zeta are encouraged to seek additional information on the case at the BFALaw website. The deadline for investors to request to lead the case is January 21, 2025. The lawsuit is currently being heard in the U.S. District Court for the Southern District of New York under the case name Davoodi v. Zeta Global Holdings Corp.
If you are an investor in Zeta and experienced losses, you may have legal options and can submit your information without any upfront cost. Bleichmar Fonti & Auld LLP is recognized as a top law firm in representing plaintiffs in securities class actions and shareholder litigation.
For more information and to submit your details, visit the BFALaw website or contact Ross Shikowitz at 212-789-3619. Bleichmar Fonti & Auld LLP has a track record of successful litigations, including recovering substantial value from companies like Tesla and Teva Pharmaceutical Industries.
It’s important to note that past results do not guarantee future outcomes in legal cases like this one. However, if you believe you have suffered losses as a result of investing in Zeta, explore your legal options by contacting BFALaw.
