Shareholder Action Reminder: The Schall Law Firm Reminds Investors of a Class Action Lawsuit Against Zillow Group, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm - Yahoo Finance
Los Angeles - (NewMediaWire) - December 24, 2021 - The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit againstZillow Group, Inc. (Zillow or the Company)(NASDAQ:Z) forviolations 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 atwww.schallfirm.com, or by email [email protected].
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 Companys financials. Based on these facts, the Companys public statements were false and materially misleading throughout the class period. When the market learned the truth about Zillow, investors suffered damages.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
source: https://finance.yahoo.com/news/shareholder-action-reminder-schall-law-175443511.html
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