litigation
confidence high
sentiment neutral
materiality 0.50
ZoomInfo reaches MOU to settle state publicity class actions for $26M-$29M
ZoomInfo Technologies Inc.
- Estimated settlement amount $26M-$29M; substantially all charges expected in first half 2024.
- Settlement covers Illinois, California, Indiana, and Nevada class actions alleging right-of-publicity violations.
- Payments: 3% of statutory damages per eligible class member, based on confirmatory discovery by May 24, 2024.
- No admission of fault; company cites costs and risks of litigation as reason for settlement.
- Settlement subject to preliminary and final approval by Illinois District Court.