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Zillow Shareholder Sues Over Redfin Deal | Real Estate News
A Zillow shareholder is suing the company’s CEO and executives over alleged failures to warn investors about antitrust risks tied to a $100M rental deal with Redfin — and claims insiders sold $81M in stock before the risks were public. The derivative lawsuit, still unproven, accuses top execs of knowing about the FTC’s concerns ahead of time. Just before the suit, Zillow and Redfin struck a settlement allowing the partnership to continue under new rules: Redfin must rebuild as an independent competitor, while Zillow loosens restrictions. The FTC calls it unwinding an illegal deal; Zillow says…
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