Energy News / Shareholders Foundation, Inc.

Zillow Group Inc (NASDAQ:Z) Investor Alert: Investigation Concerning Possible Wrongdoing

Via: ReleaseWire

Updated 8:45 AM CDT, Tue, May 05,2015

An investigation on behalf of investors in Zillow Group Inc (NASDAQ:Z) shares over potential wrongdoing at Zillow Group Inc was announced and NASDAQ:Z stockholders should contact the Shareholders Foundation.

San Diego, CA -- (ReleaseWire) -- 05/05/2015 -- An investigation on behalf of current long-term investors in shares of Zillow Group Inc (NASDAQ:Z) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Zillow Group.

Investors who purchased shares of Zillow Group Inc (NASDAQ:Z) and currently hold any of those NASDAQ:Z shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm concerns whether certain Zillow Group officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.

Zillow Group Inc reported that its annual Total Revenue rose from $116.85 million in 2012 to $325.89 million in 2014 while its Net Income of $5.94 million in 2012 declined to a Net Loss of $43.61 million in 2014.

Shares of Zillow Group Inc (NASDAQ:Z) reached as high as $158.86 per share in July 2014 but have since then lost substantial value.

On May 1, 2015, NASDAQ:Z shares closed at $109.14 per share.

Those who purchased shares of Zillow Group Inc (NASDAQ:Z), have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com

For more information on this press release visit:
http://www.releasewire.com/press-releases/zillow-group-inc-nasdaqz-investor-alert-investigation-concerning-possible-wrongdoing-596211.htm

Media Relations Contact
Michael Daniels
858-779-1554
Email: Click to Email Michael Daniels
Web: http://www.ShareholdersFoundation.com