Z.US
id: 655
Zillow Group (Z) Investors $15M settlement
The settlement funds have been distributed to claimants.
$15,000,000
Cash SettlementW.D. Washington
Court 2:17-cv-01387-JCC
Case number11/17/2014
Class period Start08/08/2017
Class period End07/11/2023
Claim deadlineZillow Group (Z) agreed to pay $15 million to investors to settle a lawsuit that alleged the Company withheld information about a federal probe into a co-marketing program for lenders and real estate agents.
The lawsuit alleged that during the Class Period, the Defendants made false and/or misleading statements and/or failed to disclose that Zillow's co-marketing program did not comply with the Real Estate Settlement Procedures Act. Furthermore, Zillow's public statements were allegedly materially false and misleading throughout the relevant times.
When the true details of these allegations entered the market, the lawsuit claimed that investors suffered damages.
Case Status
Disbursed
Alleged Offence
Other
Suspected Party
Other
Security Type
Stocks
Trade Direction
Long
Filing date
08/22/2017
Plaintiffs
Jo Ann Offutt, Raymond Harris, Johanna Choy
Attorneys
Hall & George PLLC (Seattle, WA), The Rosen Law Firm P.A. (New York, NY)
Defendants
Spencer M. Rascoff, Kathleen Philips
Judge
Hon. John C. Coughenour
Administrator
Strategic Claims Services
Court hearing date
08/08/2023
Objection deadline
07/18/2023
Trades matching type
FIFO
Disbursement date
01/03/2025