LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed on behalf of investors who purchased Zillow Group, Inc. (“Zillow” or the “Company”) (NASDAQ:Z) securities between February 12, 2016 and August 8, 2017, inclusive (the “Class Period”). Zillow investors have until October 23, 2017 to file a lead plaintiff motion. To obtain information or participate in the class action, please visit the Zillow page on our website at www.glancylaw.com.
The complaint filed in this class action alleges that throughout the Class Period, the Company issued materially false and misleading statements and/or failed to disclose adverse information regarding Zillow's business and outlook, including legal issues with the Company’s co-marketing scheme. Specifically the complaint alleges that: (1) Zillow’s co-marketing program did not comply with the Real Estate Settlement Procedures Act; and (2) as a result, Zillow’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
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If you purchased shares of Zillow you may move the Court no later than October 23, 2017 to ask the Court to appoint you as lead plaintiff in this class action lawsuit. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action lawsuit. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of Glancy Prongay & Murray LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at (310) 201-9150, by e-mail to shareholders@glancylaw.com, or visit our website at www.glancylaw.com.
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