Zillow: Investors Failed To Plead Misstatements To Support Securities Claims

(April 9, 2018, 2:32 PM EDT) -- SEATTLE — Investors have failed to show that online real estate marketplace provider Zillow Group Inc. or certain of its senior officers issued any misrepresentations or omissions concealing the company’s failure to comply with the Real Estate Settlement Procedures Act (RESPA) or that the defendants acted with the requisite scienter in making their alleged misstatements, defendants argue in an April 6 motion to dismiss filed in Washington federal court (In re Zillow Group Inc. Securities Litigation, No. 17-1387, W.D. Wash.)....