| COMPANY |
Zillow Group, Inc. |
| COURT |
United States District Court for the Western District of Washington |
| CASE NUMBER |
21-cv-01551 |
| JUDGE |
The Honorable Thomas S. Zilly |
| CLASS PERIOD |
August 5, 2021 to November 2, 2021 |
| SECURITY TYPE |
Class A Common and Class C Capital Shares |
Case Background:
This is a class action lawsuit on behalf of those who purchased or acquired Zillow Group, Inc. (“Zillow” or the “Company”) (NASDAQ: ZG; Z) securities during the period from August 5, 2021 to November 2, 2021, inclusive (the “Class Period”).
The Complaint alleges that, throughout the Class Period, the Defendants made false and misleading statements and failed to disclose that: (1) despite operational improvements, Zillow experienced significant unpredictability in forecasting home prices for its Zillow Offers business; (2) such unpredictability, as well as labor and supply shortages, led to a backlog of inventory; (3) as a result, Zillow was reasonably likely to wind down its Zillow Offers business, which would have a material adverse impact on its financial results; and (4) consequently, defendants’ positive statements about Zillow’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
Current Status of Case:
On August 16, 2024, Lead Plaintiff filed an Amended Complaint. The Court entered an Order granting Lead Plaintiff’s Motion to Certify Class on August 23, 2024. This action is ongoing.
If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1435; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.