Levi & Korsinsky Notifies Investors With Losses on Their

Levi & Korsinsky Notifies Investors With Losses on Their Investment
in Zillow, Inc. of Class Action Lawsuit and the Deadline of January
28, 2013 to Seek a Lead Plaintiff Position 
NEW YORK, NY -- (Marketwire) -- 01/09/13 --  Levi & Korsinsky
announces that a class action lawsuit has been commenced in the USDC
for the Western District of Washington on behalf of investors who
acquired Zillow, Inc. ("Zillow" or "the Company") (NASDAQ: Z) stock
between February 15, 2012 and November 6, 2012. 
For more information, click here: http://zlk.9nl.com/zillow-z/.  
The complaint alleges that defendants concealed the difficulties
Zillow was having signing up new real estate agents as subscribers
and the churn it was experiencing in existing subscribers. As a
result, Zillow's stock traded at artificially inflated prices during
which time Company insiders sold more than 3 million shares of their
own Zillow stock for nearly $115 million. The Company then raised
$156 million through a follow-on offering in September 2012 just
thirty days after assuring investors that the filing of a Form S-3
Registration Statement was not intended for a follow-on offering. 
Then on November 5, 2012, Zillow issued a press release announcing
its third quarter 2012 financial results and reducing its fourth
quarter and full year 2012 revenue guidance that fell below analysts'
estimates. Furthermore, Zillow announced that it had lost a large
display advertiser, Foreclosure.com, and therefore defendants
expected weakness in the Company's display advertising business.
These disclosures caused Zillow stock to fall $6.22 per share to
close at $28.15 per share on November 6, 2012.  
If you suffered a loss in Zillow you have until January 28, 2013 to
request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn't require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com or by telephone at (877)
363-5972, or visit http://zlk.9nl.com/zillow-z/. 
Levi & Korsinsky is a national firm with offices in New York and
Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing
investors throughout the nation in securities and shareholder
lawsuits. Attorney advertising. Prior results do not guarantee
similar outcomes. 
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com 
 
 
Press spacebar to pause and continue. Press esc to stop.