NEW YORK, NY / ACCESSWIRE / November 24, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, announces that a class action lawsuit has been filed against Zillow Group, Inc. ("Zillow" or the "Company") (NASDAQ:Z) on behalf of all persons and entities who purchased or otherwise acquired Zillow securities between February 10, 2021, and November 2, 2021, inclusive (the "Class Period"). Investors have until January 18, 2021, to apply to the Court to be appointed as lead plaintiff in the lawsuit.
On November 1, 2021, Zillow announced it would shut down its homebuying and selling business, citing the company's inability to accurately predict home prices, and would reduce its workforce by 25%. On this news, Zillow shares plunged as much as 11% to $76.22 in late trading.
If you purchased or otherwise acquired Zillow securities during the Class Period and want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476, via email at [email protected], or by filling out this form.
About the Firm
Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at labaton.com.
David J. Schwartz
SOURCE: Labaton Sucharow LLP