{"success":true,"data":{"pressRelease":{"id":"68461","rtpr_id":"nGNX7GPgfd","ticker":"ZG","exchange":"NASDAQ","all_tickers":["ZG"],"title":"Investor Rights Alert: Zillow (ZG) Faces Securities Fraud Class Action after Antitrust Issues Cause 17% Stock Drop – Investors Notified to Contact BFA Law","author":"Globe Newswire","published_at":"2026-06-19T10:17:00.155Z","article_body":"NEW YORK, June 19, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm\nBleichmar Fonti & Auld LLP\n(https://www.globenewswire.com/Tracker?data=wf_32U0dp8zWIz6mE654C06Eu20bsXgzd9RTiDKm8XWY4KDPGBhnMoebbRh8Y6cB5_VCpxKkL_ys5s84EF_2pFixZbNWWP3okcngiITA6nMucINp5fiSwWeavLDT0-pNUOxQz5Lpw86ABDjZje-1F_s5lbyRAOllufk1pUrFCgI=)\nannounces that a class action lawsuit has been filed against Zillow Group,\nInc. (NASDAQ:Z, ZG) and certain of the Company’s senior executives for\nsecurities fraud after significant stock drops resulting from potential\nviolations of the federal securities laws.\n\nIf you invested in Zillow, you are encouraged to obtain additional information\nby visiting: https://www.bfalaw.com/cases/zillow-class-action-lawsuit.\n        \nKey Details of the Zillow ($Z, $ZG) Class Action:\n* Lead Plaintiff Deadline: August 10, 2026\n* Alleged Misconduct: Securities fraud relating to Zillow’s allegedly\nanticompetitive agreement with Redfin Corporation\n* Largest Alleged Stock Drop: February 11, 2026 – 16.54% Stock Drop on Class\nC shares; 17.13% Stock Drop on Class A shares.\n* Court: U.S. District Court for the Western District of Washington\n* Action: Contact BFA Law\n(https://www.bfalaw.com/cases/zillow-class-action-lawsuit) to discuss your\nrights\nInvestors have until August 10, 2026 to ask the Court to be appointed to lead\nthe case. The complaint asserts securities fraud claims under Sections 10(b)\nand 20(a) of the Securities Exchange Act of 1934 on behalf of investors in\nZillow Class C and Class A common stock. The class action is pending in the\nU.S. District Court for the Western District of Washington. It is captioned\nBreidert v. Zillow Group, Inc., et al., No. 26-cv-02016.\n\nWhy is Zillow Being Sued for Securities Fraud?\n\nOn February 6, 2025, Zillow entered into an agreement with Redfin through\nwhich Zillow became the exclusive provider of multifamily rental listings on\nRedfin’s platform and affiliate websites, including Rent.com. According to\nthe complaint, during the relevant period, Zillow characterized the agreement\nwith Redfin as a “partnership” that would provide Zillow exclusive access\nto Redfin’s advertising platform.\n\nAs alleged, in truth, under the terms of the agreement, Zillow paid Redfin\n$100 million to stop competing with Zillow, facilitate the transition of its\nmultifamily rental advertising business to Zillow, and close the remainder of\nits business.\n\nWhy did Zillow’s Stock Drop?\n\nOn September 30, 2025, the FTC filed a complaint against Zillow and Redfin\nalleging violations of the federal antitrust laws. According to the FTC\ncomplaint, “Zillow and Redfin executed an unlawful agreement to remove\ncompetition from [the online rental marketplaces industry], starting with a\n$100 million payment to Redfin to exit the [Internet Listing Services]\nmarket.” In sum, the FTC alleged, “[t]his agreement is nothing more than\nan end run around competition on the merits with Redfin for customers…”\nThis news caused the price of Zillow’s Class C and A common stock to decline\n4.33% and 4.5%, respectively.\n\nOn February 10, 2026, Zillow’s CFO told investors that Zillow experienced\nincreased legal expenses which “will result in approximately 200 basis\npoints headwind to EBITDA margins in Q1.” On this news, the price of\nZillow’s Class C and A common stock declined 16.54%, and 17.13%,\nrespectively.\n\nFinally, on May 7, 2026, Reuters reported that a “federal judge rejected\n[Zillow and Redfin’s] request to end a [FTC] lawsuit accusing them of\nillegally agreeing to suppress competition for online apartment rental\nlistings.” This news caused the price of Zillow’s Class C and A common\nstock to decline 1.9% and 1.76%, respectively.   \n\nClick here for more information:\nhttps://www.bfalaw.com/cases/zillow-class-action-lawsuit.\n\nWhat Can You Do?\n\nIf you invested in Zillow, you may have legal options and are encouraged to\nsubmit your information to the firm.\n\nAll representation is on a contingency fee basis; there is no cost to you.\nShareholders are not responsible for any court costs or expenses of\nlitigation. The firm will seek court approval for any potential fees and\nexpenses.\n\nSubmit your information by visiting:\n\nhttps://www.bfalaw.com/cases/zillow-class-action-lawsuit\n\nOr contact:\nAdam McCall\nadam@bfalaw.com\n212.789.3619\n\nWhy Bleichmar Fonti & Auld LLP?\n\nBFA is a leading international law firm representing plaintiffs in securities\nclass actions and shareholder litigation. It has been named a top plaintiff\nlaw firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have\nbeen named “Elite Trial Lawyers” by the National Law Journal,\n“Litigation Stars” by Benchmark Litigation, among the top “500 Leading\nPlaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’\nBar” by Law360 and “SuperLawyers” by Thomson Reuters.\n\nMost recently, The Legal 500 awarded BFA the most client satisfaction\naccolades of any plaintiff’s securities litigation law firm, with clients\nnoting: “[t]here is no better service provider in the practice area,”\n“[t]he interest of the client is always front and center,” and “[t]here\nisn’t a better firm in this space.” One testimonial described the firm as\n“nimble and entrepreneurial,” with a “relentless focus on adding value\nfor clients.” \n\nAmong its recent notable successes, BFA recovered over $900 million in value\nfrom Tesla, Inc.’s Board of Directors, as well as $420 million from Teva\nPharmaceutical Ind. Ltd.\n\nFor more information about BFA and its attorneys, please visit\nhttps://www.bfalaw.com.\n\nhttps://www.bfalaw.com/cases/zillow-class-action-lawsuit\n\nAttorney advertising. Past results do not guarantee future outcomes.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/44a256cf-d470-4d8a-af6b-dbb1b5bbb11e)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX7GPgfd","title":"Investor Rights Alert: Zillow (ZG) Faces Securities Fraud Class Action after Antitrust Issues Cause 17% Stock Drop – Investors Notified to Contact BFA Law","author":"Globe Newswire","ticker":"ZG","created":"2026-06-19T10:17:00.155Z","tickers":["ZG"],"exchange":"NASDAQ","article_body":"NEW YORK, June 19, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm\nBleichmar Fonti & Auld LLP\n(https://www.globenewswire.com/Tracker?data=wf_32U0dp8zWIz6mE654C06Eu20bsXgzd9RTiDKm8XWY4KDPGBhnMoebbRh8Y6cB5_VCpxKkL_ys5s84EF_2pFixZbNWWP3okcngiITA6nMucINp5fiSwWeavLDT0-pNUOxQz5Lpw86ABDjZje-1F_s5lbyRAOllufk1pUrFCgI=)\nannounces that a class action lawsuit has been filed against Zillow Group,\nInc. (NASDAQ:Z, ZG) and certain of the Company’s senior executives for\nsecurities fraud after significant stock drops resulting from potential\nviolations of the federal securities laws.\n\nIf you invested in Zillow, you are encouraged to obtain additional information\nby visiting: https://www.bfalaw.com/cases/zillow-class-action-lawsuit.\n        \nKey Details of the Zillow ($Z, $ZG) Class Action:\n* Lead Plaintiff Deadline: August 10, 2026\n* Alleged Misconduct: Securities fraud relating to Zillow’s allegedly\nanticompetitive agreement with Redfin Corporation\n* Largest Alleged Stock Drop: February 11, 2026 – 16.54% Stock Drop on Class\nC shares; 17.13% Stock Drop on Class A shares.\n* Court: U.S. District Court for the Western District of Washington\n* Action: Contact BFA Law\n(https://www.bfalaw.com/cases/zillow-class-action-lawsuit) to discuss your\nrights\nInvestors have until August 10, 2026 to ask the Court to be appointed to lead\nthe case. The complaint asserts securities fraud claims under Sections 10(b)\nand 20(a) of the Securities Exchange Act of 1934 on behalf of investors in\nZillow Class C and Class A common stock. The class action is pending in the\nU.S. District Court for the Western District of Washington. It is captioned\nBreidert v. Zillow Group, Inc., et al., No. 26-cv-02016.\n\nWhy is Zillow Being Sued for Securities Fraud?\n\nOn February 6, 2025, Zillow entered into an agreement with Redfin through\nwhich Zillow became the exclusive provider of multifamily rental listings on\nRedfin’s platform and affiliate websites, including Rent.com. According to\nthe complaint, during the relevant period, Zillow characterized the agreement\nwith Redfin as a “partnership” that would provide Zillow exclusive access\nto Redfin’s advertising platform.\n\nAs alleged, in truth, under the terms of the agreement, Zillow paid Redfin\n$100 million to stop competing with Zillow, facilitate the transition of its\nmultifamily rental advertising business to Zillow, and close the remainder of\nits business.\n\nWhy did Zillow’s Stock Drop?\n\nOn September 30, 2025, the FTC filed a complaint against Zillow and Redfin\nalleging violations of the federal antitrust laws. According to the FTC\ncomplaint, “Zillow and Redfin executed an unlawful agreement to remove\ncompetition from [the online rental marketplaces industry], starting with a\n$100 million payment to Redfin to exit the [Internet Listing Services]\nmarket.” In sum, the FTC alleged, “[t]his agreement is nothing more than\nan end run around competition on the merits with Redfin for customers…”\nThis news caused the price of Zillow’s Class C and A common stock to decline\n4.33% and 4.5%, respectively.\n\nOn February 10, 2026, Zillow’s CFO told investors that Zillow experienced\nincreased legal expenses which “will result in approximately 200 basis\npoints headwind to EBITDA margins in Q1.” On this news, the price of\nZillow’s Class C and A common stock declined 16.54%, and 17.13%,\nrespectively.\n\nFinally, on May 7, 2026, Reuters reported that a “federal judge rejected\n[Zillow and Redfin’s] request to end a [FTC] lawsuit accusing them of\nillegally agreeing to suppress competition for online apartment rental\nlistings.” This news caused the price of Zillow’s Class C and A common\nstock to decline 1.9% and 1.76%, respectively.   \n\nClick here for more information:\nhttps://www.bfalaw.com/cases/zillow-class-action-lawsuit.\n\nWhat Can You Do?\n\nIf you invested in Zillow, you may have legal options and are encouraged to\nsubmit your information to the firm.\n\nAll representation is on a contingency fee basis; there is no cost to you.\nShareholders are not responsible for any court costs or expenses of\nlitigation. The firm will seek court approval for any potential fees and\nexpenses.\n\nSubmit your information by visiting:\n\nhttps://www.bfalaw.com/cases/zillow-class-action-lawsuit\n\nOr contact:\nAdam McCall\nadam@bfalaw.com\n212.789.3619\n\nWhy Bleichmar Fonti & Auld LLP?\n\nBFA is a leading international law firm representing plaintiffs in securities\nclass actions and shareholder litigation. It has been named a top plaintiff\nlaw firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have\nbeen named “Elite Trial Lawyers” by the National Law Journal,\n“Litigation Stars” by Benchmark Litigation, among the top “500 Leading\nPlaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’\nBar” by Law360 and “SuperLawyers” by Thomson Reuters.\n\nMost recently, The Legal 500 awarded BFA the most client satisfaction\naccolades of any plaintiff’s securities litigation law firm, with clients\nnoting: “[t]here is no better service provider in the practice area,”\n“[t]he interest of the client is always front and center,” and “[t]here\nisn’t a better firm in this space.” One testimonial described the firm as\n“nimble and entrepreneurial,” with a “relentless focus on adding value\nfor clients.” \n\nAmong its recent notable successes, BFA recovered over $900 million in value\nfrom Tesla, Inc.’s Board of Directors, as well as $420 million from Teva\nPharmaceutical Ind. Ltd.\n\nFor more information about BFA and its attorneys, please visit\nhttps://www.bfalaw.com.\n\nhttps://www.bfalaw.com/cases/zillow-class-action-lawsuit\n\nAttorney advertising. Past results do not guarantee future outcomes.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/44a256cf-d470-4d8a-af6b-dbb1b5bbb11e)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-19T10:17:00.27594757Z","server_sent_at_ms":1781864220275},"received_at":"2026-06-19T10:17:00.328Z","source_url":null},"analysis":{"id":"57873","press_release_id":"68461","analysis_json":{"industry":{"label":"Real Estate Services","sector":"Real Estate"},"redFlags":[],"eventType":"legal_litigation","narrative":"Bleichmar Fonti & Auld LLP issued a press release soliciting investors in Zillow (ZG) to join a securities fraud class action lawsuit.\n\nThe firm cites a 17% stock drop following FTC antitrust allegations and a federal judge's rejection of Zillow's motion to dismiss.\n\nInvestors are encouraged to contact the firm by the August 10, 2026 lead plaintiff deadline; this is a law-firm marketing notice, not an issuer disclosure.","sentiment":"neutral","agentHooks":{"shouldPost":false,"suggestedAngle":"Plaintiff-firm solicitation -- suppress."},"keyFigures":{"customDimensions":{"ebitda_headwind":"200 basis points","stock_drop_class_a":"17.13%","stock_drop_class_c":"16.54%","ftc_alleged_payment":"$100 million"}},"quotedText":"If you invested in Zillow, you may have legal options and are encouraged to submit your information to the firm.","namedEntities":{"people":[{"name":"Adam McCall","role":"Attorney at BFA Law"}],"products":[],"companies":[{"name":"Bleichmar Fonti & Auld LLP","relationship":"plaintiff law firm"},{"name":"Zillow Group, Inc.","ticker":"ZG","relationship":"defendant"},{"name":"Redfin Corporation","relationship":"co-defendant / partner"},{"name":"Federal Trade Commission","relationship":"regulator"}],"dollarAmounts":[{"amount":"$100 million","context":"alleged payment to Redfin to exit competition"},{"amount":"$900 million","context":"BFA Law recovery from Tesla Board"},{"amount":"$420 million","context":"BFA Law recovery from Teva Pharmaceutical"}]},"materialImpact":{"score":1,"reasoning":"This is a plaintiff law-firm solicitation issued by Bleichmar Fonti & Auld LLP (BFA Law) to recruit shareholders for a class action. It is not an issuer disclosure, nor does it announce a certified class or settlement. 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