Brief: Zoominfo Technologies Inc - On February 24 Entered MoU With Plaintiffs In Illinois Class Action Containing Material Terms Of Settlement

ZoomInfo Technologies

26/02/2024 22:31

Zoominfo Technologies Inc  ZI.O :
    * ZOOMINFO TECHNOLOGIES INC -  ON FEBRUARY 24 ENTERED MOU
WITH
PLAINTIFFS IN ILLINOIS CLASS ACTION CONTAINING MATERIAL TERMS OF
SETTLEMENT
    * ZOOMINFO TECHNOLOGIES-  UNDER MOU CO TO PAY AMOUNT EQUAL
TO 3%
OF STATUTORY DAMAGES TO ELIGIBLE CLASS MEMBER IN CALIFORNIA,
ILLINOIS, INDIANA, NEVADA
    * ZOOMINFO TECHNOLOGIES INC - ESTIMATED TOTAL SETTLEMENT
AMOUNT
SET FORTH IN MOU IS ABOUT $26 MILLION TO $29 MILLION
    * ZOOMINFO TECHNOLOGIES INC - EXPECTS TO INCUR CHARGES OF
ABOUT
$26 MILLION TO $29 MILLION TO SETTLE CLASS ACTIONS
    * ZOOMINFO TECHNOLOGIES INC -  EXPECTS CHARGES TO SETTLE
CLASS
ACTIONS TO BE SUBSTANTIALLY INCURRED IN FIRST HALF OF 2024

Source text for Eikon:  ID:n0001794515-24-000041 
Further company coverage:  ZI.O