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Zoom Video Communications, Inc. (NasdaqGS: ZM)

Zoom Video Communications, Inc. (NasdaqGS: ZM)

Company Name: Zoom Video Communications, Inc.
Stock Symbol: NasdaqGS: ZM
Class Period Start: 04/18/2019
Class Period End (inclusive): 04/18/2019
Filing Deadline: 06/08/2020
Court: Northern District of California

Case Details

Barbuto & Johansson, P.A. reminds investors that they have until June 8, 2020 to file lead plaintiff applications in a securities class action lawsuit against Zoom Video Communications, Inc. (NasdaqGS: ZM). Zoom and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws. The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company had inadequate data privacy and security measures; (ii) contrary to its assertions, the Company’s video communications service was not end-to-end encrypted; (iii) users of Zoom’s communications services were at an increased risk of having their personal information accessed by unauthorized parties, including Facebook; (iv) usage of the Company’s video communications services was foreseeably likely to decline when the foregoing facts came to light; and (v)  as a result of the foregoing, the Company’s financial statements were materially false and misleading at all relevant times. If you purchased securities of Zoom and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact the Firm's Managing Partner, Anthony Barbuto, toll-free at 1-888-715-2520 or via email (anthony@barjolaw.com), or fill out the form on this page. The case is Michael Drieu, et al. v. Zoom Video Communications, Inc., et al, 20-cv- 02353.  Click here to read the first filed complaint.