NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international shareholder and consumer rights litigation firm, is investigating whether Zillow Group, Inc. (“Zillow” or the “Company”) (NASDAQ: Z) (NASDAQ: ZG) or its officers violated federal securities laws by making materially misleading statements to investors. If you purchased or otherwise own Zillow stock, and have suffered a loss, you are encouraged to contact Scott+Scott attorney, Jonathan Zimmerman, for additional information at (888) 398-9312 or jzimmerman@scott-scott.com.
After the markets closed on November 2, 2021, Zillow announced it was winding down its “i-Buying” house flipping business, “Zillow Offers.” The company also announced it plans to cut 25% of its workforce. In February 2019, Zillow said its house flipping venture could generate $20 billion annually.
On this news, the price of Zillow Class A shares fell nearly 25% on November 3, 2021, closing at $65.57, down from its previous close price of $87.20.
Scott+Scott is investigating whether Zillow or its executives made false and or misleading statements related to its house buying business, which it started in 2018.
What You Can Do
If you purchased or otherwise own Zillow stock, and you wish to discuss this investigation, please contact attorney Jonathan Zimmerman at (888) 398-9312 or jzimmerman@scott-scott.com, or visit the Zillow investigation page on our website at https://scott-scott.com/sec-investigation/zillow-group-inc/.
About Scott+Scott Attorneys at Law LLP
Scott+Scott has significant experience in prosecuting major securities, antitrust, and employee retirement plan actions throughout the United States. The firm represents pension funds, foundations, individuals, and other entities worldwide with offices in New York, London, Amsterdam, Connecticut, Virginia, California, and Ohio.
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Contacts
Jonathan Zimmerman
Scott+Scott Attorneys at Law LLP
230 Park Ave, 17th Fl, New York, NY 10169
(888) 398-9312
jzimmerman@scott-scott.com
