ZILLOW INVESTIGATION: Block & Leviton Is Investigating Zillow Group Inc. For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm
BOSTON, Nov. 10, 2021 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Zillow Group, Inc. (NASDAQ: Z), (NASDAQ: ZG) for potential securities law violations. Investors who have lost money in their Zillow investment should 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 and has lost money may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.
What is Block & Leviton doing?
Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.
What should you do next?
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