San Diego, CA -- (SBWire) -- 11/15/2021 --An investigation was announced for investors in Zillow Group, Inc. (NASDAQ: Z) shares over potential securities laws violations by Zillow Group, Inc. in connection with certain financial 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.
The investigation by a law firm focuses on whether certain statements by Zillow Group, Inc. (NASDAQ: Z regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Seattle, WA based Zillow Group, Inc., a digital real estate company, operates real estate brands on mobile applications and websites in the United States.
In February 2019, Zillow Group, Inc. said its house flipping venture "i-Buying" could generate $20 billion annually.
On November 2, 2021, Zillow Group, Inc. announced it was winding down its "i-Buying" house flipping business, "Zillow Offers." The company also announced it plans to cut 25% of its workforce.
Shares of Zillow Group, Inc. (NASDAQ: Z) declined from $104.05 per share on October 29, 2021, to $63.13 per share on November 3, 2021.
Those who purchased shares of Zillow Group, Inc. (NASDAQ: Z) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and 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. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigation, and/or settlements are not filed/reached and/or related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
NASDAQ:Z Investor Notice: Investigation over Possible Securities Laws Violations by Zillow Group, Inc.
An investigation for investors in Zillow Group, Inc. (NASDAQ:Z) shares over potential securities laws violations by Zillow Group, Inc. was announced.