Z - SHAREHOLDER ALERT: Zillow Investigated by Block & Leviton For Potential Securities Law Violations; Investors Who Have Lost Money Are Encouraged to Contact the Firm | Benzinga
BOSTON, March 05, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Zillow Group, Inc. (NASDAQ:Z) for potential securities law violations. Investors who have lost money in their Zillow Group investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://www.blockleviton.com/cases/zillow.
What is this all about?
On Tuesday, Spruce Point Capital released a report alleging potential premature revenue recognition issues in Zillow's Flex model, where the Company recognizes revenue when a lead is sent to an agent, despite the agent then having up to two years to close a deal. Shares of Zillow Group stock dropped more than 6% during intraday trading on March 5, 2024.
Who is eligible?
Anyone who purchased Zillow Group, Inc. common stock and has seen their shares fall may be ...