Oklahoma City, OK: A securities class action lawsuit has been filed in the United States District Court for the Western District of Washington at Seattle against Zillow, Inc. (NASDAQ: Z).
The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is February 15, 2012 through November 16, 2012.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.
Zillow, Inc Z Securities Fraud Legal Help
If you have suffered from financial losses, you may qualify for damages or remedies that may be awarded in a possible Zillow, Inc securities class action lawsuit. Please fill in our form on the right to submit your complaint for a free evaluation.
A few days ago I started receiving MANY MANY phone calls and texts about property inquiries that I did not make. Interesting one was in Portland, OR and another in Chicago.
The Chicago inquiry apparently used my email address and the Portland ones used my phone number.
I think Zillow is generating FAKE LEADS with whatever info they can find about people.
IT IS A SCAM , pure and simple.
Posted by Andy Anderson
I am a realtor in FL. it is my belief that Zillow is praying on Realtors as well. They call realtors asking them to join up for "seller leads" promising that the agents will receive a guaranteed amount of calls from people wanting to "sell" their home or find out their homes "value". Zillow posts misleading advertisements telling home owners to fill out a form on line to find out a quick "estimate" of their homes worth--- and promises Realtors and Agents who sign up that they will get these calls. Zillow does NOT verify the homeowners information at all, they're is no effort form zillow to send SMS verification codes to the homes owners to make sure the phone numbers are correct at all--- 99% of all the calls are bogus and phone numbers do not exist when the agent tried to respond to the leads.. Also, the Zillow CSR SPECIFICALLY told me when I signed up that I could exit at ANY TIME without any charges. I am not finding out form other realtors that Zillow charges an exit fee and can bill you for it. Zillow is operating in a FRAUDULENT manner and praying on agents. Their sales team blatantly lied to me and IMO Zillow deserves to be sued and return the money to the realtors. They do not required to provide any proof that any of the leads are legitimate and are under NO liability to do so?. This is unlawful and this needs to be looked into immediately.
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