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

Reuters
2024.02.26 22:31

Zoominfo Technologies Inc entered into a memorandum of understanding (MoU) with plaintiffs in an Illinois class action, outlining material terms of settlement. The company expects to pay an estimated total settlement amount of $26 million to $29 million and incur charges within the first half of 2024 to settle the class actions.

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

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