Law BFA warns Zeta Global Holdings investors that a class-action lawsuit has been filed on behalf of shareholders and urges you to contact the company by January 21 By Investing.com

New York, New York–(Newsfile Corp. – December 31, 2024) – A leading securities law firm Bleichmar Fonti & Auld LLP announces that a lawsuit has been filed against Zeta Global Holdings Corp. (NYSE: ZETA) and certain senior executives of the Company for possible violations of federal securities laws.

If you have invested in Zeta, we encourage you to get additional information by visiting https://www.bfalaw.com/cases-investigations/zeta-global-holdings-corp.

Investors have until January 21, 2025 to ask the Court to be appointed to manage the case. The lawsuit 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 US District Court for the Southern District of New York and is subtitled Davoodi v. Zeta Global Holdings Corp., et al.number 24-cv-08961.

What is the lawsuit about?

Zeta is a cloud-based technology company that provides a marketing platform to help marketers acquire customers. The complaint alleges that Zeta claimed that its marketing platform was powered by the largest curated data set in the industry.

On November 13, 2024, prominent investment research firm Culper Research released a report titled: “Zeta Global Holdings Corp (ZETA): Scams, Scams and Spam.” Based on Culper’s investigation, which included proprietary interviews with industry experts and former Zeta employees, the research firm discovered that Zeta’s data set was generated from a network of “consent farms”—i.e. fraudulent websites designed to collect consumer data under false pretenses or rewards that did not exist. Culper Research further wrote that these consent farms have driven almost all of Zeta’s growth over the past 2+ years, representing 56% of its adjusted EBITDA, and could result in disruptive regulatory action.

The news caused a significant drop in the Zeta 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 have invested in Zeta, you may have legal options and we encourage you to provide your information to the company.

All representation is on a contingency fee basis, at no cost to you. Shareholders are not responsible for any court costs or litigation expenses. The Company will seek court approval for all potential fees and costs.

Submit your information by visiting:

https://www.bfalaw.com/cases-investigations/zeta-global-holdings-corp

Why Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. ISS SCAS named it a Top 5 Law Firm for Plaintiffs in 2023, Thompson Reuters named its attorneys Titans of the Plaintiff Bar Association, and Thompson Reuters SuperLawyers. Among its recent notable successes, BFA recovered over $900 million in value from Tesla (NASDAQ: ), Inc. board of directors (pending court approval), as well as $420 million from Teva Pharmaceutical (NYSE: ) Ind. Ltd.

For more information about BFA and its attorneys, visit https://www.bfalaw.com.

https://www.bfalaw.com/cases-investigations/zeta-global-holdings-corp

Advertising of lawyers. Past results do not guarantee future results.

To view the original version of this press release, visit https://www.newsfilecorp.com/release/234500