New York, New York--(Newsfile Corp. - June 5, 2020) - The Klein Law Firm announces that a class action complaint has been filed on behalf of shareholders of Zoom Video Communications, Inc. (NASDAQ: ZM) alleging that the Company violated federal securities laws.
Class Period: April 18, 2019 and April 6, 2020
Lead Plaintiff Deadline: June 8, 2020
Learn more about your recoverable losses in DNK:
The filed complaint alleges that Zoom Video Communications, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) Zoom had inadequate data privacy and security measures; (ii) contrary to Zoom's assertions, the Company's video communications service was not end-to-end encrypted; (iii) as a result of all the foregoing, 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, the Company's public statements were materially false and misleading at all relevant times.
Shareholders have until June 8, 2020 to petition the court for lead plaintiff status. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
For additional information about the ZM lawsuit, please contact J. Klein, Esq. by telephone at 212-616-4899 or click the link above.
J. Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.
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