ZILLOW GROUP SHAREHOLDER ALERT: CLAIMSFILER Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Zillow Group, Inc.

NEW ORLEANS, La., Dec 15, 2021 / PRNewswire / – ClaimsFiler, a FREE shareholder intelligence service, reminds investors of losses of more than $ 100,000 that they have up January 18, 2022 Motions by lead plaintiffs in a securities class action lawsuit against Zillog Group, Inc. (NasdaqGS: Z, ZG) if they have the company’s securities between February 10, 2021 and November 2, 2021, including (the “Class Period”). This action is pending in The United States District Court for the Western District of Washington.

get help

Zillow investors should visit us at https://claimsfiler.com/cases/nasdaq-z-1/ or call toll free (844) 367-9658. Kahn Swick & Foti, LLC attorneys are available to discuss your legal options.

About the lawsuit

Zillow and some of her executives are charged with failing to disclose material information during the class action period in violation of federal securities laws.

on November 2, 2021, the company announced that it will cease its home buying and selling business, Zillow Offers, because “the unpredictability of forecasting home prices far exceeds our expectations and the continued scaling of Zillow Offers results in excessive revenues and balance sheet volatility would. “as well as a reduction of the workforce by 25% and a depreciation on inventories of approx. $ 304 million, among other things.

At the news, Zillow’s shares collapsed $ 19.62 or 23% to close $ 65.86 per share November 3, 2021, with unusually high trading volume while Zillow’s Class C price fell $ 21.73, or 25% to close around $ 65.47 per share November 3, 2021, with unusually high trading volumes.

The case is Barua v Zillow Group, Inc., et al., 21-cv-01551.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as a resource to help retail investors reclaim their share of billions of dollars from stock class litigation settlements. At ClaimsFiler.com, investors can: (1) register free of charge to have access to information and comparison websites for various securities class action cases so that they can submit their own claims in a timely manner; (2) upload their portfolio transaction details to be notified of relevant securities cases in which they may have a financial interest; and (3) send inquiries to the law firm Kahn Swick & Foti, LLC for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

SOURCE ClaimsFiler

Comments are closed.