The Shareholders Foundation announces that an investigation for investors, who purchased shares of Zillow Group Inc (NASDAQ:Z) and currently hold any of those NASDAQ:Z shares, is ongoing concerning whether certain Zillow Group directors breached their fiduciary duties and caused damages to Zillow Group and its shareholders.
Shares of Zillow Group Inc (NASDAQ:Z) traded in July 2014 as high as $160.32 per share and declined to as low as $92.41 per share in early January 2015.
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 over $160 per share in July 2014 but have since then lost substantial value.
On June 8, 2015, NASDAQ:Z shares closed at $88.34 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