United States — Federal Trade Commission & Zillow

United States — Federal Trade Commission: The United States — Federal Trade Commission filed a lawsuit against Zillow and Redfin, alleging an unlawful agreement to suppress competition in the online rental advertising market. This action triggered the securities fraud class action lawsuits against Zillow.

Zillow: Zillow is the primary defendant in multiple securities class action lawsuits, facing allegations of misleading investors about an anticompetitive agreement with Redfin and downplaying regulatory scrutiny. This event has led to significant stock price drops and increased legal expenses for Zillow.

Zillow: Zillow is facing a class action lawsuit due to allegations of issuing materially misleading business information and an illegal agreement to suppress rental advertising competition, which caused its stock to fall.