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Z.US
id: 655

Zillow Group (Z) Investors $15M settlement

It is still possible to file a late claim. The court will decide whether to accept late claims or not.
W.D. Washington
Court
2:17-cv-01387-JCC
Case number
17 Nov 2014
Class period Start
08 Aug 2017
Class period End
11 Jul 2023
Claim deadline
Zillow Group (Z) agreed to pay $15 million to investors to settle a lawsuit that alleged the Company withheld information about a federal probe into a co-marketing program for lenders and real estate agents.

The lawsuit alleged that during the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose that Zillow's co-marketing program did not comply with the Real Estate Settlement Procedures Act. Furthermore, Zillow's public statements were allegedly materially false and misleading throughout the relevant times.
When the true details of these allegations entered the market, the lawsuit claimed that investors suffered damages.
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Filing date
22 August 2017
Plaintiffs
Jo Ann Offutt, Raymond Harris, Johanna Choy
Attorneys
Hall & George PLLC (Seattle, WA), The Rosen Law Firm P.A. (New York, NY)
Defendants
Spencer M. Rascoff, Kathleen Philips
Judge
Hon. John C. Coughenour
Administrator
Strategic Claims Services
Court hearing date
08 August 2023
Objection deadline
18 July 2023
+$15,000,000
Total Settlement Amount

Zillow Group Inc Class C

Zillow Group, Inc. operates real estate brands in mobile applications and Websites in the United States. The company offers premier agent and rentals marketplaces, new construction marketplaces, ad...

    Ticker
    Z.US
    ISIN
    US98954M2008
    CIK
    1617640
    Sector
    Communication Services
    Industry
    Internet Content & Information
    Country
    USA
    Address
    1301 Second Avenue, Seattle, WA, United States, 98101