An investigation for investors in Zillow Group, Inc. (NASDAQ:Z) shares over potential securities laws violations by Zillow Group, Inc. was announced and NASDAQ:Z stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 08/15/2017 -- Zillow Group, Inc is under investigation concerning potential violations of securities laws. The investigation was announced for investors in NASDAQ:Z shares in connection with certain financial statements made by Zillow Group, Inc.
Investors who purchased shares of Zillow Group, Inc. (NASDAQ:Z), have certain options and should contact the Shareholders Foundation at email@example.com or call 858-779-1554.
The investigation by a law firm focuses on whether a series of statements by Zillow Group, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
In April 2017 Zillow Group, Inc received a Civil Investigative Demand from the Consumer Financial Protection Bureau (the "CFPB").
On August 8, 2017, Zillow Group, Inc disclosed that the CFPB has concluded its investigation and has invited Zillow Group, Inc to discuss possible settlement. Zillow Group, Inc also disclosed that the CFPB intends to pursue further action if a settlement cannot be reached.
Shares of Zillow Group, Inc. (NASDAQ:Z) declined to as low as $40.06 per share on August 10, 2017.
On August 14, 2017, NSADAQ:Z shares closed at $41.58 per share.
Those who purchased shares of Zillow Group, Inc. have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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