Zillow Group, Inc. (Z, ZG) Shareholder Investigation

Shamis & Gentile, P.A. is investigating potential claims on behalf of shareholders of Zillow Group, Inc. ("Zillow Group" or the "Company") (Z, ZG) against certain of its directors and officers for alleged breaches of fiduciary duties and other violations of law. Concerned shareholders are advised to contact the firm now.

On September 19, 2025, a nationwide consumer class action was filed in the U.S. District Court for the Western District of Washington alleging that Zillow’s Flex referral program collected up to 40% of participating agents’ commissions and steered homebuyers without adequate disclosure. The complaint alleges violations of the Real Estate Settlement Procedures Act ("RESPA") and state consumer-protection laws, contending that Zillow’s platform flows and public communications failed to make clear the nature of agent relationships and referral fees.

Reports of the lawsuit caused Zillow’s Class A and Class C shares to decline approximately 7% the next trading day.

Further scrutiny intensified on September 30, 2025, when the Federal Trade Commission ("FTC") filed suit against Zillow, alleging that it paid $100 million to Redfin to exit the large-apartment-rental-advertising market, allegedly suppressing competition. Zillow’s Class A shares declined another 5.1% on that news, as investors allegedly questioned the adequacy of board oversight of antitrust and consumer-protection compliance.

On this news, Zillow’s Class A and Class C shares fell approximately 9% over the next two trading days.

These events raise serious questions about whether Zillow Group’s board of directors and senior executives failed to implement and monitor effective compliance systems for mission-critical risks, particularly in connection with Flex referral fees, consumer disclosures, and competition policies. Accordingly, the investigation is examining whether directors and officers ignored red flags or failed to respond appropriately to known risks, exposing the Company to significant financial, legal, and reputational harm.

If you held Zillow Group (NASDAQ: Z, ZG) Class A or Class Z shares before the recent regulatory and consumer-lawsuit disclosures, and still hold some shares today, you may be able to seek corporate reforms, the return of funds back to the Company, and a court-approved incentive award at absolutely no cost to you.

Shamis & Gentile, P.A. stands out as an advocate for shareholders seeking corporate accountability and governance reforms. The firm is committed to pursuing derivative actions that benefit companies and their shareholders by recovering damages and implementing meaningful corporate governance improvements. Shamis & Gentile has recovered over $1 billion for consumers nationwide. Its extensive experience, expertise, and resources enable the firm to resolve disputes in a wide range of matters, including derivative actions, class actions and complex commercial litigation.

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