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Zillow to pay $212.5M to settle class action for real estate venture
In short
Zillow will pay $212.5 million to settle a class action lawsuit stemming from its real estate business. The agreement resolves legal actions brought against the real estate giant regarding its business venture. By committing to this payout, the company resolves claims related to its operational model without proceeding through further litigation.
Key points
- The corporate settlement marks a major financial payout connected to previous venture ope…: The corporate settlement marks a major financial payout connected to previous venture operations.
- Zillow faces a nine-figure expense to formally settle this real estate litigation.: Zillow faces a nine-figure expense to formally settle this real estate litigation.
- Class action claims concerning the company's real estate initiatives will now be settled.: Class action claims concerning the company's real estate initiatives will now be settled.