Investor alleges Zillow lied about co-marketing program

Investor alleges Zillow lied about co-marketing program

Investor Alleges Zillow Lied About Co-Marketing Program

A Zillow Group shareholder has filed a lawsuit alleging the company and its two top executives defrauded investors by misrepresenting its co-marketing program's compliance with an anti-kickback law, thereby artificially inflating the real estate giant's stock price. The lawsuit, which seeks class-action status, comes as Zillow Group heads into settlement talks with the Consumer Financial Protection Bureau, which recently concluded a two-year fede...

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