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BFA files Zillow securities class action over Redfin deal challenged by FTC

BFA files Zillow securities class action over Redfin deal challenged by FTC

The Washington lawsuit follows separate investor-law-firm scrutiny and centers on a February 2025 Zillow-Redfin agreement, the FTC’s antitrust case, rising legal costs, and an August 10, 2026 lead plaintiff deadline.

Fact Check
Every element of the claim is corroborated. The GlobeNewswire BFA Law release confirms Bleichmar Fonti & Auld LLP filed a Zillow securities class action (Breidert v. Zillow Group, No. 26-cv-02016) in the U.S. District Court for the Western District of Washington, centered on the February 6, 2025 Zillow-Redfin agreement, and cites rising legal costs and the August 10, 2026 lead plaintiff deadline. The FTC's official press release confirms the September 30, 2025 antitrust suit over the February 2025 deal ($100M payment to eliminate Redfin as a competitor). The Kahn Swick & Foti and Schall Law Firm releases corroborate the parallel investor-law-firm scrutiny and the same August 10, 2026 deadline. The only minor discrepancy is the FTC filing venue (Eastern District of Virginia per FTC) versus the securities suit venue (W.D. Wash.), but these are separate cases and consistent with the claim.
Summary

Bleichmar Fonti & Auld LLP said a securities class action has been filed against Zillow Group, Inc. and certain senior executives in the U.S. District Court for the Western District of Washington, with investors seeking lead plaintiff status by August 10, 2026. The case, Breidert v. Zillow Group, Inc., et al., No. 26-cv-02016, alleges claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 tied to Zillow’s February 6, 2025 agreement with Redfin, which plaintiffs say was described as a partnership but actually involved a $100 million payment for Redfin to stop competing and wind down its multifamily rental advertising business. Separately, The Schall Law Firm said it is investigating potential securities law violations on behalf of Zillow investors. Both releases point to the FTC’s antitrust case against Zillow and Redfin, increased legal costs disclosed by Zillow, and related share-price declines.

Terms & Concepts
  • FTC: U.S. consumer protection and antitrust agency
  • lead plaintiff: Investor appointed by the court to direct a securities class action on behalf of the class
  • internet listing services: Websites used to advertise available rental housing