NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Zillow Group, Inc. (“Zillow” or the “Company”) (NASDAQ:Z) concerning possible violations of federal securities laws.
Zillow received a Civil Investigative Demand from the Consumer Financial Protection Bureau (the “CFPB”) in April 2017. Then on August 8, 2017, Zillow filed its 10-Q with the U.S. Securities and Exchange Commission, announcing that the CFPB has concluded its investigation and has invited Zillow to discuss possible settlement. The 10-Q also stated that the CFPB intends to pursue further action if a settlement cannot be reached. Following this news, shares of Zillow were down more than 9% on intraday trading on August 9, 2017. To obtain additional information, go to:
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Levi & Korsinsky is a national firm with offices in New York, California, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.