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) -- 06/01/2017 -- Zillow Group, Inc is under investigation over potentials securities laws violations. The investigation was announced on behalf of investors of Zillow Group, Inc. 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 mail@shareholdersfoundation.com or call 858-779-1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Zillow Group, Inc. (NASDAQ:Z) concerning whether certain statements by Zillow Group, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
On May 17, 2017, Susquehana litigation analyst Thomas Claps reported that the U.S. Consumer Financial Protection Bureau investigation into Zillow would likely lead to "some fine and conduct-based restrictions" against the Company's current co-marketing program, which could "limit Zillow's ability to generate co-marketing revenues." Shares of Zillow Group, Inc. (NASDAQ:Z) declined on May 19, 2017 to $40.98 per share.
On May 31, 2017 NASDAQ:Z shares closed at $43.52 per share.
Those who purchased shares of Zillow Group, Inc. (NASDAQ:Z) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com