NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Zillow Group, Inc. (NASDAQ:Z) resulting from allegations that Zillow may have issued materially misleading business information to the investing public.
In April 2017, Zillow received a Civil Investigative Demand from the Consumer Financial Protection Bureau (the “CFPB”). On August 8, 2017, Zillow disclosed that the CFPB has concluded its investigation and has invited Zillow to discuss possible settlement. Zillow also disclosed that the CFPB intends to pursue further action if a settlement cannot be reached. On this news, shares of Zillow fell $4.34 per share or over 9% to close at $43.59 per share on August 9, 2017, damaging investors.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Zillow investors. If you purchased shares of Zillow, please visit the firm’s website at http://www.rosenlegal.com/cases-1190.html for more information. You may also contact Phillip Kim or Kevin Chan of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or kchan@rosenlegal.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Since 2014, Rosen Law Firm has been ranked #2 in the nation by Institutional Shareholder Services for the number of securities class action settlements annually obtained for investors.
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