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US Supreme Court Rejects Zillow Investor Appeal

The US Supreme Court declined to hear Zillow Group's appeal in a shareholder class action. Investors accuse the company of misleading them about its failed home-flipping venture before its collapse in 2021.

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FILE PHOTO: A general view shows the front doors of the U.S. Supreme Court building in Washington, U.S. November 4, 2020. REUTERS/Jonathan Ernst/File photo

The United States Supreme Court declined on Monday afternoon to hear an appeal by ZILLOW GROUP INC - A to stop a shareholder class action over its failed home-flipping division. The litigation accuses the real estate platform of misleading investors about the viability of its operations before shutting them down. The decision allows the 2021 lawsuit to proceed to trial in United States federal court.
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