NEW YORK, Aug. 23, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Zillow Group, Inc. ("Zillow" or the "Company") (NASDAQ: Z) securities and certain of its officers, on behalf of a class who purchased Zillow securities between February 12, 2016 through August 8, 2017, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: www.bgandg.com/z.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
The Complaint alleges that throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Zillow's co-marketing program did not comply with the Real Estate Settlement Procedures Act; and (2) as a result, Zillow's public statements were materially false and misleading at all relevant times.
In April 2017, Zillow received a Civil Investigative Demand from the Consumer Financial Protection Bureau (the "CFPB"). On August 8, 2017, Zillow revealed that the CFPB has concluded its investigation and has invited Zillow to discuss possible settlement and intends to pursue further action if a settlement cannot be reached. Following this news, Zillow stock dropped $4.34 per share or over 9% to close at $43.59 per share on August 9, 2017.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: www.bgandg.com/z or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Zillow you have until October 23, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.