Insight
Several Zillow defendants are accused of selling off more than $81 million worth of Zillow stock, with timing suspiciously close to the public announcement of antitrust litigation.
Zillow faces shareholder lawsuit over Redfin deal
Summary
Zillow faces a shareholder lawsuit alleging misleading statements and insider trading related to a $100 million deal with Redfin. The suit claims executives knew about antitrust risks before a public announcement, leading to stock sales.
Key takeaway