LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Zillow Group, Inc. (“Zillow” or the “Company”) (Nasdaq: Z) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission (the “SEC”).
Investors who purchased the Company’s shares between February 12, 2016 and August 8, 2017, inclusive (the “Class Period”), are encouraged to contact the firm before October 23, 2017, the lead plaintiff motion deadline.
If you are a shareholder who suffered a loss during the Class Period, click here to participate.
We also encourage you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights free of charge. You can also reach us through the firm’s website at http://www.goldberglawpc.com/, or by email at info@goldberglawpc.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Complaint alleges that during the Class Period, Zillow made false and/or misleading statements, and/or failed to disclose, that the Company’s co-marketing program did not comply with the Real Estate Settlement Procedures Act, thus its public statements were materially false and misleading at all relevant times. On August 8, 2017, Zillow filed a quarterly report on Form 10-Q with the SEC, announcing that the Company received a Civil Investigative Demand from the Consumer Financial Protection Bureau (the “CFPB”). Zillow advised investors that the CFPB concluded its investigation and “has invited us to discuss a possible settlement and indicated that it intends to pursue further action if those discussions do not result in a settlement.” Following this news, Zillow’s stock price dropped materially, which caused investors harm.
Goldberg Law PC represents investors around the world, and specializes in securities class action lawsuits and shareholder rights litigation.
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