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

11/17/2014

Class period Start

08/08/2017

Class period End

07/11/2023

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. 

Case Status

Accepting Late Claims

Alleged Offence

Other

Suspected Party

Other

Security Type

Stocks

Trade Direction

Long

Filing date

08/22/2017

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

08/08/2023

Objection deadline

07/18/2023

+$15,000,000

Cash Settlement Amount