A shareholder class action lawsuit has been filed against Zillow and its CEO and chief financial officer, alleging that misleading statements regarding its co-marketing platform harmed its shareholders.
Zillow share prices dropped after a filing with the Securities and Exchange Commission detailed the Consumer Financial Protection Bureau’s investigation into the real estate company’s co-marketing practices.
Zillow said that the company and the bureau also recently entered into settlement talks. Read on for more about the class action filing.
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