AI Sentiment: Very Bearish
Reason: Zeta Global Holdings Corp. is facing a class action lawsuit for allegedly making false and misleading statements and potentially having a non-sustainable business model, indicating potential financial losses for investors.
The highly reputable law firm, Rosen Law Firm, a global investor rights law firm, has urged shareholders of Zeta Global Holdings Corp (ZETA) to seek legal counsel before an important deadline in a securities class action. The firm is known for its long history of achieving significant settlements for investors.
The class action has been filed on behalf of purchasers of the securities of Zeta Global Holdings Corp. between June 10, 2021 and September 30, 2021, inclusive (the "Class Period"). The lawsuit seeks to recover damages for Zeta Global's investors under the federal securities laws.
According to the lawsuit, the company made false and/or misleading statements and/or failed to disclose that: (1) Zeta Global was suffering from a significant decrease in its core business; (2) Zeta Global's business was not as resilient as represented; (3) Zeta Global's business model was not sustainable; (4) Zeta Global had material weaknesses in its internal controls over financial reporting; and (5) as a result, the company's public statements were materially false and misleading at all relevant times.
Investors who purchased the company's securities during the Class Period and suffered losses exceeding $100,000 are encouraged to contact Rosen Law Firm to discuss their legal rights or click here to join the class action. The lead plaintiff deadline is November 22, 2021. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Rosen Law Firm has secured hundreds of millions of dollars for investors who have suffered losses due to corporate fraud and misconduct. The firm represents investors throughout the globe, fighting for their rights and working to recover their financial losses. With a reputation for its aggressive pursuit of justice, the law firm has established itself as a trusted legal ally for investors.