Los Angeles - 
(NewMediaWire) - December 1, 2021 - The Schall Law Firm, a national shareholder rights litigation
firm, reminds investors of a class action lawsuit against Zillow
Group, Inc. (“Zillow” or “the Company”) (NASDAQ: Z) for violations of §§10(b) and 20(a) of the
Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the
U.S. Securities and Exchange Commission.
Investors who purchased the Company's securities
between February 10, 2021 and November 2, 2021, inclusive (the ''Class
Period''), are encouraged to contact the firm before January 18, 2022.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of
the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067,
at 310-301-3335, to discuss your rights free of charge. You can also reach us
through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class, in this case, has not yet been
certified, and until certification occurs, you are not represented by an
attorney. If you choose to take no action, you can remain an absent class
member.
According to the Complaint, the Company made
false and misleading statements to the market. Zillow experienced high levels
of unpredictability in forecasting the profitability of its Zillow Offers
business. The Company suffered from this unpredictability as well as labor and
supply shortages leading to a significant backlog of inventory. These ongoing
problems were likely to lead the Company to wind down the business unit, having
an adverse effect on the Company’s financials. Based on these facts, the
Company’s public statements were false and materially misleading throughout the
class period. When the market learned the truth about Zillow, investors
suffered damages.
Join the case to recover your losses.
The Schall Law Firm represents investors
around the world and specializes in securities class action lawsuits and
shareholder rights litigation.
This press release may be considered Attorney
Advertising in some jurisdictions under the applicable law and rules of ethics.
CONTACT:
The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
SOURCE:
The Schall Law Firm
View the original release on www.newmediawire.com
