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Filing Deadline Approaching for Zillow Lawsuit

Home Industry News
By Bernstein Liebhard
January 3, 2022
Reading Time: 1 min read
Filing Deadline Approaching for Zillow Lawsuit

Bernstein Liebhard, a national investor rights law firm, recently released a statement regarding the class-action lawsuit against Zillow, reminding those who purchased or acquired securities of Zillow Group, Inc. between Feb. 10, 2021 and Nov. 2, 2021 that the deadline to file a lead plaintiff motion is Jan 18. 2022.

The lawsuit alleges that Zillow “made false and/or misleading statements” and failed to disclose several items:

  • Despite operational improvements, Zillow experienced significant unpredictability in forecasting home prices for its Zillow Offers business.
  • Such unpredictability, as well as labor and supply shortages, led to a backlog of inventory.
  • As a result, the company was reasonably likely to wind-down its Zillow Offers business, which would have a material adverse impact on its financial results.

Source: Bernstein Liebhard

Tags: Cash OfferiBuyerIndustry NewsLawsuitLitigationReal Estatereal estate newsZestimateZillowZillow Offers
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