BOSTON, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Block & Leviton announces that a class action lawsuit has been filed against Zillow Group, Inc. (NASDAQ: Z, ZG) for potential securities law violations. Investors who purchased shares and have lost money are encouraged to contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/z.
What is this all about?
After the markets closed on November 2, 2021, Zillow announced it was shutting down its house flipping business, “Zillow Offers,” due to volatility concerns. The company also announced it plans to cut 25% of its workforce. According to a Wall Street Journal article, Zillow once said its house flipping venture could generate $20 billion annually.
On this news, shares of Zillow stock fell 10% in after-market trading on November 2nd, and over 15% during trading hours on November 3, 2021.
Who is eligible?
Anyone who purchased Zillow Group, Inc. stock between February 10, 2021 and November 2, 2021 is potentially eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What should you do next?
The deadline to seek appointment as lead plaintiff is January 18, 2022. A class has not yet been certified, and until a certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
Why should you contact Block & Leviton?
Many law firms have issued releases about this matter; most of those firms do not actually litigate securities class actions. Block & Leviton is a law firm that actually litigates cases. We are dedicated to obtaining significant recoveries on behalf of defrauded investors through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, or call (617) 398-5600 or email firstname.lastname@example.org with any questions.
This notice may constitute attorney advertising.
BLOCK & LEVITON LLP
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Boston, MA 02110
Phone: (617) 398-5600
SOURCE: Block & Leviton LLP