Zillow to Pay $212.5 Million to Resolve Home-flipping Investor Suit

WHO:

GeekWire - Zillow is the defendant in a shareholder class action alleging it misled investors about Zillow Offers.

Techmeme (Reuters) - Zillow (ZG.O), the online real estate marketplace, agreed to settle an investor class action.

WHAT:

GeekWire - Zillow agreed to pay $212.5 million to settle the shareholder class action.

Techmeme (Reuters) - Zillow said it would pay $212.5 million in cash to settle the class action.

GeekWire - The settlement requires court approval.

WHY:

GeekWire - The lawsuit alleged that Zillow misled investors about Zillow Offers, its home-flipping business.

Techmeme (Reuters) - The class action accused Zillow in connection with its failed Zillow Offers home-flipping venture.

HOW:

GeekWire - The proposed settlement followed the U.S. Supreme Court’s refusal to hear Zillow’s challenge to the case’s class status.

Techmeme (Reuters) - Zillow agreed to settle after the Supreme Court refused to hear its appeal.

(UPDATED October 29, 2026 04:08 UTC)

Zillow has agreed to pay $212.5 million in cash to settle a shareholder class action over its failed Zillow Offers home-flipping business. The lawsuit accused the company of misleading investors about the venture, and the settlement still requires court approval. Zillow agreed to settle after the U.S. Supreme Court declined to hear its challenge to the case.