Los Angeles - (NewMediaWire) - November 16, 2021 - The Schall Law Firm, a national shareholder rights litigation firm,
announces that it is investigating claims on behalf of investors of Zillow
Group, Inc. (“Zillow” or “the Company”) (NASDAQ: Z) for
violations of the securities laws.
The investigation focuses on whether the Company
issued false and/or misleading statements and/or failed to disclose information
pertinent to investors. Zillow announced on November 1, 2021, that it would
shut down its homebuying and selling unit. According to the Company, the move is
based on its inability to accurately predict the movement of home prices. The
Company announced it would also lay off 25% of its workforce. Based on this
news, shares of Zillow dropped more than 10% on November 2, 2021.
If you are a shareholder who
suffered a loss, click here to
participate.
We also encourage you to contact
Brian Schall of the Schall Law Firm, 2049
Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also
reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.
The class in this case has not
yet been certified, and until certification occurs, you are not represented by
an attorney. If you choose to take no action, you can remain an absent class
member.
The Schall Law Firm represents
investors around the world and specializes in securities class action lawsuits
and shareholder rights litigation.
This press release may be considered
Attorney Advertising in some jurisdictions under the applicable law and rules
of ethics.
CONTACT:
The Schall
Law Firm
Brian Schall, Esq.
310-301-3335