Zeta Global Holdings (ZETA) Faces Investor Class Action Alleging Revenue Round-Tripping & Improper Use of Consent Farms – Hagens Berman

SAN FRANCISCO, Dec. 05, 2024 (GLOBE NEWSWIRE) — Digital marketing giant Zeta Global Holdings Corp. (NYSE: ZETA) is now facing a class action lawsuit from aggrieved investors who claim they were deceived about the company’s true financial health and business practices.

Hagens Berman is investigating the allegations and urges investors in Zeta who purchased shares and suffered substantial losses to submit your losses now.

Class Period: Feb. 27, 2024 – Nov. 13, 2024
Lead Plaintiff Deadline: Jan. 21, 2025
Visit: www.hbsslaw.com/investor-fraud/zeta
Contact the Firm Now: ZETA@hbsslaw.com
                                        844-916-0895

Zeta Global Holdings Corp. (ZETA) Securities Class Action:

The lawsuit, filed in the United States District Court for the Southern District of New York, alleges that Zeta and certain of its executives misled investors by misrepresenting the company’s business, operations, and financial performance. Specifically, the complaint accuses the company of using deceptive practices, such as two-way contracts and consent farms, to artificially inflate revenue and mislead investors.

The allegations came to light on November 13, 2024, after a scathing report published by activist short-seller Culper Research. The report detailed a number of alleged fraudulent activities, including round-tripping revenue and collecting user data through deceptive means.

Following the release of the report, the Company’s stock price fell 37% over a single trading day.

Shareholder rights firm Hagens Berman is investigating investors’ claims.

“We are investigating the allegations made by Culper Research to determine whether Zeta Global has indeed engaged in fraudulent activities and misled investors,” said Reed Kathrein, a partner at Hagens Berman, the law firm representing the investors. “If proven true, Zeta’s actions could constitute serious securities fraud.”

If you invested in Zeta and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now »

If you’d like more information and answers to frequently asked questions about the Zeta Global case and our investigation, read more »

Whistleblowers: Persons with non-public information regarding Zeta Global Holdings should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email ZETA@hbsslaw.com.

About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

Contact:
Reed Kathrein, 844-916-0895