Zillow investors face August 10, 2026 lead-plaintiff deadline in proposed class action

Zillow Group, Inc. is facing a proposed securities class action covering investors who purchased or otherwise acquired Zillow Class A or Class C common stock between February 11, 2025 and May 7, 2026. Kahn Swick & Foti said investors who bought during that period have until August 10, 2026 to seek appointment as lead plaintiff in the case pending in the United States District Court for the Western District of Washington. The lawsuit, filed as Breidert v. Zillow Group, Inc., et al., 26-cv-02016, alleges Zillow and certain of its executives failed to disclose material information during the class period in violation of federal securities laws. The complaint alleges Zillow's agreement with Redfin was not a partnership but an acquisition of Redfin's business, leaving Zillow exposed to materially greater regulatory scrutiny and potential liability under federal antitrust laws. It also alleges that after an antitrust lawsuit was filed, Zillow continued to downplay its legal exposure, rendering statements about its business, operations, and prospects materially false and misleading or without a reasonable basis. Kahn Swick & Foti said investors who suffered losses during the class period may seek to be appointed lead plaintiff, although participation in any potential recovery does not require serving in that role.