Zillow Group, Inc. (Z)
Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Zillow Group, Inc. (“Zillow” or “the Company”) (NASDAQ: Z). Investors who purchased Zillow securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Zillow has violated federal securities laws.
Investigation Details:
On March 5, 2024, Spruce Point Capital released a report alleging potential premature revenue recognition issues in Zillow’s Flex model, in which the Company recognizes revenue when a lead is sent to an agent, despite the agent then having up to two years to close a deal. On this news, Zillow’s stock price fell $2.85 per share, or 4.97%, to close at $54.49 per share on March 5, 2024.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Zillow securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
There is No Cost to You
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman:
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide.
Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Nathanson