secwatch.observer — SEC 8-K summary
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Issuer:     ZoomInfo Technologies Inc. (GTM)
CIK:        0001794515
Form:       8-K
Filed at:   2024-02-26T23:59:59+00:00
Accession:  0001794515-24-000041
Event type: litigation
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

ZoomInfo reaches MOU to settle state publicity class actions for $26M-$29M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1794515/000179451524000041/0001794515-24-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1794515/000179451524000041/zi-20240224.htm
  HTML page:      https://secwatch.observer/filing/0001794515-24-000041

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer