The Law Offices of Frank R. Cruz Continues Investigation of Zillow Group, Inc. (Z, ZG) on Behalf of Investors

Published 9 months ago via Business Wire

The Law Offices of Frank R. Cruz continues its investigation of Zillow Group, Inc. (“Zillow” or the “Company”) (NASDAQ: Z, ZG) on behalf of investors concerning the Company’s possible violations of federal securities laws.

If you are a shareholder who suffered a loss, click here to participate.

On March 5, 2024, Spruce Point Capital Management published a report alleging, among other things, that Zillow “uses wildly aggressive revenue recognition and expense policies that can be used to embellish revenues and earnings, which is alarming in context of Zillow’s CFO departing last year.”

On this news, Zillow’s stock price fell $2.85, or 5%, to close at $54.49 per share on March 5, 2024, thereby injuring investors.

Follow us for updates on Twitter: twitter.com/FRC_LAW.

If you purchased Zillow securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Frank R. Cruz, of The Law Offices of Frank R. Cruz, 2121 Avenue of the Stars, Suite 800, Century City, California 90067 at 310-914-5007, by email to info@frankcruzlaw.com, or visit our website at www.frankcruzlaw.com. If you inquire by email please include your mailing address, telephone number, and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts