ZoomInfo Technologies Agreed To Settle An Illinois Class Action By Paying 3% Of Statutory Damages To Eligible Members In Four States, With Total Charges Estimated Between $26M And $29M
Portfolio Pulse from Charles Gross
ZoomInfo Technologies has agreed to settle an Illinois class action lawsuit by paying 3% of statutory damages to eligible members in four states, with total charges estimated to be between $26M and $29M.
February 26, 2024 | 9:50 pm
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ZoomInfo Technologies has agreed to a legal settlement that will result in charges estimated between $26M and $29M.
The settlement of the class action lawsuit by ZoomInfo Technologies is likely to have a short-term negative impact on the company's financials due to the significant amount of charges involved. This could potentially affect investor sentiment and the stock price negatively in the short term.
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IMPORTANCE 75
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