In a stunning reversal, a federal judge has ruled that new allegations in a Washington state securities case plausibly allege that Zillow Group’s co-marketing program violated RESPA – and that the company encouraged such violations.
The judge also found a strong inference that both Zillow CEO Spencer Rascoff and Chief Financial Officer and Chief Legal Officer Kathleen Phillips made materially misleading statements about the co-marketing program.
Read on for details from the court’s decision.
TO READ THE FULL STORY
Cover Story: