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Shamis & Gentile, P.A. Is Investigating Shareholder Claims Against Zillow Group, Inc. Directors and Officers for Breach of Fiduciary Duty
Globenewswire· 2025-11-04 13:55
Core Viewpoint - The law firm Shamis & Gentile, P.A. is investigating potential breaches of fiduciary duties by directors and officers of Zillow Group, Inc. in light of a Federal Trade Commission lawsuit alleging anti-competitive behavior [1][2][4]. Group 1: Investigation Details - The FTC lawsuit, filed on September 30, 2025, claims that Zillow paid Redfin at least $100 million to exit the apartment rental advertising market, which allegedly suppressed competition [2][3]. - The complaint suggests that this payment was intended to reduce competitive pressure in the multi-family listing and rental advertising space, thereby limiting consumer choice and allowing Zillow to maintain its market dominance [3]. Group 2: Potential Consequences - Shamis & Gentile, P.A. is assessing whether Zillow's board and senior executives failed to prevent the alleged anti-competitive conduct, which could lead to significant reputational and economic harm to the company [4]. - Long-term shareholders of Class A or Class C Zillow shares may have the opportunity to seek corporate governance reforms and recovery of funds, all at no cost to them [5]. Group 3: Law Firm Background - Shamis & Gentile, P.A. is dedicated to advocating for shareholders and pursuing claims that enhance corporate accountability and governance reforms, having recovered over $1 billion for consumers nationwide [5].