Overview

A class action lawsuit has been filed against Zillow Group, Inc. (“Zillow” or the “Company”) (NASDAQ : ZG), and certain of the Company’s senior officers (collectively, “Defendants”), alleging violations of the federal securities laws. The Zillow lawsuit is brought on behalf of all persons and entities who purchased or otherwise acquired Zillow common stock between February 11, 2025, and May 7, 2026, inclusive (the “Class Period”). Investors have until August 10, 2026, to seek appointment as lead plaintiff of the Zillow class action lawsuit.

Zillow operates one of the largest online real estate and rental marketplaces in the United States, offering platforms and services for buying, selling, renting, and financing homes. During the Class Period, the Company promoted a February 2025 agreement with Redfin Corporation as a strategic “partnership” that made Zillow the exclusive provider of multifamily rental listings across Redfin’s rental network.

Zillow represented that the arrangement would expand listing inventory, increase distribution, and support the Company’s long-term growth strategy in rental advertising. Defendants also repeatedly characterized the Redfin transaction as a lawful partnership and failed to disclose the extent of the antitrust and regulatory risks associated with the arrangement.

The complaint alleges that these statements were materially false and misleading because the Redfin agreement allegedly functioned as an acquisition of Redfin’s multifamily rental advertising business rather than a traditional partnership. Investors claim that Zillow paid Redfin $100 million to exit the market, terminate customer relationships, transfer customers and competitively sensitive information to Zillow, and cease competing in multifamily rental advertising for an extended period.

The truth began to emerge on September 30, 2025, when the Federal Trade Commission (“FTC”) filed a complaint against Zillow and Redfin alleging that the companies had entered into an unlawful agreement designed to eliminate competition in the online multifamily rental advertising market. On this news, Zillow’s Class C and Class A common stock fell nearly 9% over two trading sessions.

Then, on February 10, 2026, Zillow disclosed elevated legal expenses associated with ongoing litigation and regulatory matters. On this news, Zillow’s Class C and Class A common stock fell approximately 20% over two trading sessions. 

Then, on May 7, 2026, a federal judge denied Zillow’s motion to dismiss the FTC’s antitrust lawsuit, allowing the action to proceed. Following the decision, Zillow’s Class C common stock declined more than 7% over the next two trading sessions, while its Class A common stock fell more than 9%.

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If you purchased or otherwise acquired Zillow common stock between February 11, 2025, and May 7, 2026, and you wish to serve as lead plaintiff in this lawsuit, you are encouraged to submit your information to DiCello Levitt LLP via the form on this page. 

You can also contact DiCello Levitt attorneys Brian O’Mara and Hani Farah by calling (888) 287-9005 or at investors@dicellolevitt.com. 

The deadline to apply to the Court to serve as a lead plaintiff in the Zillow class action lawsuit is August 10, 2026.