Portnoy Law: Lawsuit Filed On Behalf of Zillow Group, Inc. Investors
Click here to join the case
LOS ANGELES, Nov. 19, 2021 (GLOBE NEWSWIRE) — The Portnoy Law Firm advises investors that a class action lawsuit has been filed on behalf of Zillow Group, Inc. (“Zillow” or “the Company”) (NASDAQ : Z) investors that acquired securities between February 10, 2021 and November 2, 2021.
Investors are encouraged to contact attorney Lesley F. Portnoy, to determine eligibility to participate in this action, by phone 310-692-8883 or email, or click here to join the case.
It is alleged in this complaint that Zillow made misleading and/or false statements and/or failed to disclose that: (1) Zillow experienced significant unpredictability when forecasting home prices in relation to its Zillow Offers business, despite operational improvements; (2) such unpredictability, as well as supply and labor shortages, caused a backlog of inventory; (3) It was reasonably likely that Zillow would wind-down its Zillow Offers business, which would have a material adverse impact on its financial results as a result of the foregoing; and (4) Zillow’s positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis, as a result of the foregoing.
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The Portnoy Law Firm represents investors in pursuing claims arising from corporate wrongdoing. The Firm’s founding partner has recovered over $5.5 billion for aggrieved investors. Attorney advertising. Prior results do not guarantee similar outcomes.
Lesley F. Portnoy, Esq.
Admitted CA and NY Bar
[email protected]
310-692-8883
www.portnoylaw.com
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