Deadline on January 28 in Lawsuit for Investors in Zillow, Inc (Z) Announced by Shareholders Foundation

Deadline on January 28 in Lawsuit for Investors in Zillow, Inc (Z) Announced
by Shareholders Foundation

SAN DIEGO, Jan. 9, 2013 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc.
announces that a deadline to get actively involved is coming up on January 28,
2013 in the lawsuit filed on behalf of certain investors in shares of Zillow,
Inc (Z) over alleged Violations of Federal Securities Laws by Zillow, Inc in
connection with certain allegedly false and misleading statements concerning
Zillow's subscribers.

If you purchased a significant amount of Zillow shares between February 15,
2012 and November 6, 2012, you have certain options and you should contact the
Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or
call +1 (858) 779-1554.

The plaintiff alleges that between February 15, 2012 and November 6, 2012,
Zillow Inc and certain of its executive officers and/or directors allegedly
failed to disclose that Zillow Inc was having problems signing up new real
estate agents as subscribers, in addition to the declining number of existing
subscribers, or "churn," that Zillow Inc was experiencing. Furthermore, the
plaintiff claims that between February 15, 2012 and November 6, 2012, while
Zillow shares were trading at artificially inflated prices, certain Company
insiders sold more than three million shares of their own Zillow stock,
garnering nearly $115 million of proceeds.

Then on November 5, 2012, Zillow Inc reported its third quarter 2012 results.
Among other things, Zillow Inc also reduced its guidance for the fourth
quarter and FY 2012.

Shares of Zillow Inc declined from as high as $38.20 on November 2, 2012 to as
low as $23.05 per share on November 16, 2012.

Those who purchased Zillow shares have certain options and should contact the
Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or
call +1 (858) 779-1554.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring
and a settlement claim filing service, which does research related to
shareholder issues and informs investors of securities class actions,
settlements, judgments, and other legal related news to the stock/financial
market. The Shareholders Foundation, Inc. is not a law firm. The information
is provided as a public service. It is not intended as legal advice and should
not be relied upon.

The Shareholders Foundation, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6931

CONTACT: Shareholders Foundation, Inc.
         Trevor Allen
         +1 (858) 779-1554
         mail@shareholdersfoundation.com
         3111 Camino Del Rio North
         Suite 423
         San Diego, CA 92108

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