Introduction to the Zillow Class Action Lawsuit
- The Zillow class action lawsuit seeks to represent purchasers or acquirers of Zillow Group, Inc. (NASDAQ: Z; ZG) Class A or Class C common stock between February 11, 2025 and May 7, 2026, inclusive (the “Class Period”).
- Captioned Breidert v. Zillow Group, Inc., No. 26-cv-02016 (W.D. Wash.), the Zillow class action lawsuit charges Zillow and certain of Zillow’s top executive officers with violations of the Securities Exchange Act of 1934.
- If you suffered substantial losses and wish to serve as lead plaintiff of the Zillow class action lawsuit or just have general questions about you rights as a shareholder, please contact attorney Timothy L. Miles of the Law Offices of Timothy L. Miles, at no cost, by calling 855/846-6529 or via e-mail at [email protected].
- Lead plaintiff motions for the Zillow class action lawsuit must be filed with the court no later than August 10, 2026.
Read on for answers to the eight most frequently asked questions from investors.
1. What Do I Need to Know about the Zillow Class Action Lawsuit?
The fraud: This involves a company or its executives intentionally making false or misleading statements to manipulate the stock market. This can include concealing important information that, if known, would have affected an investor’s decision to buy, sell, or hold the stock.
- The class period: This is thetimeframe during which the alleged fraud took place. It typically starts when the misleading information is released and ends when the truth is fully disclosed to the public, often leading to a significant drop in the stock price. The class period in the Zillow class action lawsuit is February 11, 2025 and May 7, 2026.
- Investor eligibility: To be included, you must have purchased or sold the company’s securities during the class period and suffered an economic loss.
- Lead plaintiff: A court-approved lead plaintiff represents the entire class, oversees the Zillow class action lawsuit and has the authority to approve settlements on behalf of all class members.
- Legal basis: These lawsuits are based on federal and state securities laws, such as the Securities Act of 1933 and the Securities Exchange Act of 1934.
- Benefits: Class actions give individual investors leverage against large companies and allow them to share the costs of litigation through a contingency-fee arrangement, meaning the lawyers are paid only if the class wins.
- Participation: Investors who are eligible to join the class do not have to join and can “opt out” to pursue their own individual lawsuit, though this requires hiring and paying a private attorney.
2. What do the Plaintiffs Have to Prove in the Zillow Class Action Lawsuit?
To succeed in a federal securities fraud class action, plaintiffs must prove several elements:
- Material misstatement or omission: The company made a false or misleading statement, or failed to disclose a material fact.
- Scienter: The defendant acted with an intent to deceive, manipulate, or defraud.
- Reliance: The plaintiff relied on the misstatement or omission when buying or selling the security. For publicly traded securities, this can be proven through the “fraud-on-the-market” theory, which presumes the market price reflects all public, material information.
- Economic loss: The plaintiff suffered a financial loss.
- Loss causation: The company’s misstatement or omission directly caused the plaintiff’s loss, often demonstrated by a stock price drop after the truth is revealed in a “corrective disclosure“
3. What Is a Notice in the Zillow Class Action Lawsuit?
- A notice in a class action refers to the formal communication sent to potential class members informing them about the lawsuit and their rights to participate in it.
- This notice is a crucial part of the class action process as it ensures that all individuals who may be affected by the outcome of the Zillowclass action lawsuit are aware of their rights and can choose whether to opt-in or opt-out of the class.
- The notice typically contains information about the nature of the Zillow class action lawsuit, the claims being made, and the potential benefits or risks associated with participation. It also provides instructions on how to file a claim or request exclusion from the class.
- Overall, the notice serves to promote transparency and fairness in the class action process by ensuring that all affected individuals have an opportunity to exercise their legal rights.
4. What are the Allegations in the Zillow Class Action Lawsuit?
Zillow operates a real estate application and website that connects consumers with technology, agents and loan officers, and digital solutions. According to the complaint, on February 6, 2025, Zillow entered into an agreement with Redfin Corporation (the “Redfin Agreement”) pursuant to which Zillow became the exclusive provider of multifamily rental listings on Redfin’s platform and affiliated websites, including Rent.com.
The Zillow class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that:
- Zillow’s agreement with Redfin was not a “partnership,” but rather an acquisition of Redfin’s business;
- A result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; and
- Upon the filing of an antitrust lawsuit, Zillow continued to downplay its legal exposure.
The Zillow class action lawsuit further alleges that on September 30, 2025, the U.S. Federal Trade Commission (“FTC”) filed a complaint against Zillow and Redfin alleging violations of antitrust laws arising from, among other things, the Redfin Agreement. The FTC complaint allegedly stated that “on February 6, 2025, Zillow and Redfin executed an unlawful agreement to remove competition from [the online rental marketplaces industry], starting with a $100 million payment to Redfin to exit the [Internet Listing Services] market.” On this news, the price of Zillow Class A and Class C common stock fell more than 8% over two trading days, according to the Zillow class action lawsuit.
Then, on February 10, 2026, Zillow CFO, defendant Jeremy Hofmann, allegedly disclosed on Zillow’s Q4 2025 earnings call that “we have ongoing elevated legal expenses. Of note, we estimate year-over-year increases in legal expenses will result in approximately 200 basis points headwind to EBITDA margins in Q1.” On this news, the price of Zillow Class A and Class C common stock fell more than 19% over two trading days, according to the complaint.
Finally, on May 7, 2026, Reuters allegedly published an article entitled “Zillow, Redfin fail to end FTC lawsuit claiming they suppressed rental competition.” On this news, the price of Zillow Class A and Class C common stock fell further, the Zillow class action lawsuitalleges.
5. What Are the Eligibility Criteria for Lead Plaintiff Appointment in the Zillow Class Action Lawsuit?
To be eligible for appointment as the lead plaintiff in the Zillow class action lawsuit, an investor must meet the following criteria:
- Securities Acquisition: The Zillow class action lawsuit seeks to represent purchasers or acquirers of Zillow Group, Inc. (NASDAQ: Z; ZG) Class A or Class C common stock between February 11, 2025 and May 7, 2026, inclusive (the “Class Period”).
- Financial Losses: The investor must have suffered financial losses as a direct result of the alleged securities fraud perpetrated by Zillow and its executives.
- Typicality and Adequacy: The investor’s legal claims must be typical of those asserted on behalf of the class, and they must demonstrate their ability to adequately represent the interests of the entire class through experience, resources, and the absence of conflicts of interest.
It is crucial to note that both domestic and international investors who meet these criteria are eligible to seek appointment as the lead plaintiff in the class Zillow class action lawsuitas courts have consistently recognized the rights of non-U.S. investors in securities class actions.
6. What Are the Key Details of the Zillow Class Action Lawsuit?
Several shareholder rights law firms have filed a Zillow class action lawsuit against Zillow Group, Inc. on behalf of purchasers or acquirers of Zillow Group, Inc. (NASDAQ: Z; ZG) Class A or Class C common stock between February 11, 2025 and May 7, 2026, inclusive (the “Class Period”).
- Class Period in the Zillow class action lawsuit: The Zillow class action lawsuit seeks to represent purchasers or acquirers of Zillow Group, Inc. (NASDAQ: Z; ZG) Class A or Class C common stock between February 11, 2025 and May 7, 2026, inclusive (the “Class Period”).
- Lead Plaintiff Deadline: August 10, 2026.
- Core Allegations
The complaint alleges that Zillow and its executives made materially false or misleading statements and failed to disclose critical regulatory risks:
- The Redfin Agreement: In February 2025, Zillow entered into an agreement with Redfin Corporation to become the exclusive provider of multifamily rental listings on Redfin’s platforms. The lawsuit claims Zillow misleadingly classified this as a “partnership” when it was effectively an acquisition of Redfin’s business.
- Antitrust Concealment: Defendants failed to disclose that this agreement created a massive risk of federal antitrust violations and heightened regulatory scrutiny.
- Downplaying Exposure: When the U.S. Federal Trade Commission (FTC) officially sued Zillow and Redfin for anti-competitive behavior, Zillow allegedly downplayed its true legal exposure.
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Key Events and Stock Drops
- September 30, 2025: The FTC announced its lawsuit against Zillow and Redfin for eliminating competition in the rental housing internet listing market.
- October 1, 2025: Following the FTC news, Zillow’s stock dropped 4.63% to close at $73.48 per share, causing immediate investor losses.
- February 10, 2026: Zillow reported Q4 2025 earnings, revealing that unanticipated legal costs generated a 180-basis-point drag on margins, further revealing the financial impact of the legal battles
- Trigger Event: On May 7, 2026, Reuters allegedly published an article entitled “Zillow, Redfin fail to end FTC lawsuit claiming they suppressed rental competition.”
- Market Impact: On this news, the price of Zillow Class A and Class C common stock fell further, the Zillow class action lawsuit alleges.
7. How Much Does it Cose to Hire a Lawyer in the Zillow Class Action Lawsuit?
- No Fee: It does not cost anything to hire a lawyer if you are eligible for an Zillow class action lawsuit. We take all cases on a contingency basis which means we do not get paid unless we win or settle your case.
- Talk with a Lawyer Free of Charge: A lawyer can explain the process of an Zillow class action lawsuit and answer any questions you may have free of charge.
8, What is the role of a lead plaintiff in the Zillow class action lawsuit?
A lead plaintiff is responsible for selecting and monitoring lead counsel responding to discovery requests, providing testimony when needed, reviewing key filings, and participating in settlement negotiations. They act as a fiduciary for the entire class, overseeing the litigation process to ensure the best possible outcome for all class members.
Contact Timothy L. Miles Today About a Zillow Class Action Lawsuit
The most important thing you need to know is you can call me at no charge if you wish to serve as lead plaintiff of the Zillow class action lawsuit or just have general questions about you rights as a shareholder, please contact attorney Timothy L. Miles of the Law Offices of Timothy L. Miles, at no cost, by calling 855/846-6529 or via e-mail at [email protected].(24/7/365).
Timothy L. Miles, Esq.
Law Offices of Timothy L. Miles
Tapestry at Brentwood Town Center
300 Centerview Dr. #247
Mailbox #1091
Brentwood,TN 37027
Phone: (855) Tim-MLaw (855-846-6529)
Email: [email protected]
Website: www.classactionlawyertn.com
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