ZoomInfo to pay $44M to settle 2020-2024 securities class action; other suits remain

ZoomInfo Technologies Inc.

Memo of understanding executed Oct 16, 2026 requires ZoomInfo to pay $44M to the putative class; a portion is expected to be covered by remaining insurance funds.
Settlement covers purchasers of GTM common stock from Nov 10, 2020 through Aug 5, 2024; subject to preliminary and final approval by the W.D. Washington court.
The deal does not resolve derivative suits in Washington and Delaware, a direct opt-out action by certain investors, or a separate class action filed June 25, 2026.
Underlying suit, filed Sept 4, 2024, alleged false or misleading statements about the business, operations and COVID-19 effects on performance.
Company cites costs, uncertainty and distraction of continued litigation as rationale; settlement is not an admission of fault or wrongdoing.

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