Photo: Roger Starnes Sr / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. Zillow's failed home-flipping experiment just got a final price tag. The company agreed to pay $212.5 million in cash to settle a securities class action over Zillow Offers, according to a Form 8-K filed with the SEC on Oct. 28. The case, Jaeger v. Zillow Group, has been in federal court in Seattle since November 2021. Shareholders alleged that Zillow leaders inflated…
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Zillow Will Pay $212.5 Million Over Zillow Offers. The iBuyer Bill Finally Came Due.
Zillow agreed to a $212.5 million securities settlement tied to Zillow Offers. The proposed deal admits no wrongdoing and still requires court approval.
