Zillow Group, Inc. Class Action Lawsuit - Z
Case Summary
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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, please provide your information in the form on this page. You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at info@rgrdlaw.com. Lead plaintiff motions for the Zillow class action lawsuit must be filed with the court no later than August 10, 2026.
CASE ALLEGATIONS: 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: (i) Zillow’s agreement with Redfin was not a “partnership,” but rather an acquisition of Redfin’s business; (ii) as a result of the Redfin Agreement, Zillow faced a materially heightened risk of regulatory scrutiny and liability under federal antitrust laws; and (iii) 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 complaint.
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 complaint alleges.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Zillow Class A or Class C common stock during the Class Period to seek appointment as lead plaintiff in the Zillow class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Zillow class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Zillow class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Zillow class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig.