Lawsuit for Investors in Zillow Group, Inc. (NASDAQ: Z) Shares Announced by Shareholders Foundation

SAN DIEGO, CA / ACCESSWIRE / October 2, 2017 / The Shareholders Foundation, Inc. announces that a lawsuit was filed for investors who purchased NASDAQ: Z shares against Zillow Group, Inc over alleged Securities Laws Violations in connection with certain allegedly false and misleading statements.

Investors who purchased shares of Zillow Group, Inc. (NASDAQ: Z) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.

In April 2017, Zillow Group, Inc. received a Civil Investigative Demand from the Consumer Financial Protection Bureau (the “CFPB”).

On August 8, 2017, Zillow Group, Inc. disclosed that the CFPB has concluded its investigation and has invited Zillow Group, Inc to discuss possible settlement. Zillow Group, Inc. also disclosed that the CFPB intends to pursue further action if a settlement cannot be reached.

On August 22, 2017, a securities class action lawsuit was filed against Zillow Group, Inc. over alleged securities laws violations. The plaintiff claims that 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 and that, as a result, Zillow’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

Those who purchased Zillow Group, Inc. (NASDAQ: Z) shares should contact the Shareholders Foundation, Inc.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
mail@shareholdersfoundation.com
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

SOURCE: Shareholders Foundation, Inc.

ReleaseID: 476759