MILWAUKEE, Nov. 3, 2021 /PRNewswire/ -- Ademi LLP is investigating possible securities fraud claims against Zillow (NASDAQ: Z and ZG). The investigation results from inaccurate statements Zillow may have made regarding its business operations and prospects.
Click here to learn more about the investigation: https://www.ademilaw.com/case/zillow-group-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
The investigation focuses on whether Zillow properly disclosed the viability and value of using its Zestimate proprietary model in its home-buying division. On November 2, 2021, Zillow announced that it would "wind down" its Zillow Offers division, which focused on buying homes, refurbishing them and then selling them, after determining that the "unpredictability in forecasting home prices far exceeds what we anticipated and continuing to scale Zillow Offers would result in too much earnings and balance-sheet volatility."
If you wish to obtain additional information or have information about this investigation, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, https://www.ademilaw.com/case/zillow-group-inc.
We specialize in securities fraud and shareholder litigation. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
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SOURCE Ademi LLP