Zillow Inc (NASDAQ:Z) Investor Investigation Over Possible Violations Of Securities Laws

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

To have your information reviewed for options and to recieve notifications about this investigation, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Zillow
Affected Securities: 
NASDAQ: Z

Nov. 9, 2012 (Shareholders Foundation) -- An investigation on behalf of investors of Zillow Inc (NASDAQ:Z) shares over potential securities laws violations by Zillow Inc and certain of its directors and officers in connection certain financial statements was announced .

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Zillow Inc (NASDAQ:Z) concerning whether a series of statements by Zillow Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Zillow Inc (NASDAQ:Z) reported that its annual Revenue rose from $10.59 million in 2008 to $66.05 million in 2011 and its Net Loss of $21.22 million in 2008 turned into a Net Income of $1.10 million in 2011.

Shares of Zillow Inc (NASDAQ:Z) rose from $23.00 per share in early Janaury 2012 to as high as $46.29 per share on September 20, 2012.

Then on November 5, 2012, Zillow Inc (NASDAQ:Z) announced reported its third quarter 2012 results. Among other things, Zillow Inc also issued its guidance for the fourth quarter and FY 2012.

Shares of Zillow Inc (NASDAQ:Z) declined from as high as $38.20 on November 2, 2012 to as low as $24.90 per share on November 9, 2012.