NEW YORK, NY / ACCESSWIRE / November 22, 2024 / Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Zeta Global Holdings Corp. (NYSE:ZETA) for potential violations of the federal securities laws.
If you invested in Zeta, you are encouraged to obtain additional information by visiting https://www.bfalaw.com/cases-investigations/zeta-global-holdings-corp.
Why Did Zeta's Stock Drop?
Zeta is a cloud-based technology company that provides a marketing platform to assist marketers in acquiring customers. Zeta represented that its marketing platform was powered by the industry's largest opted-in data set.
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 Culper's investigation that included proprietary interviews with industry experts and former Zeta employees, the research firm found that Zeta's data set had been generated from a network of "consent farms" - i.e., sham websites designed to gather consumer data under false pretenses or awards that did not exist. Culper Research further wrote that these consent farms drove almost the entirety of Zeta's growth over the past 2+ years, representing 56% of its Adjusted EBITDA, and could result in devastating regulatory action.
The news caused a significant decline in the price of Zeta stock. On November 13, 2024, the price of the company's stock 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 invested in Zeta you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm 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
Or contact:
Ross Shikowitz
[email protected]
212-789-3619
Why Bleichmar Fonti & Auld LLP?
Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It was named among the Top 5 plaintiff law firms 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 recovered over $900 million in value from Tesla, Inc.'s Board of Directors (pending court approval), as well as $420 million from Teva Pharmaceutical 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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SOURCE: Bleichmar Fonti & Auld LLP