Zillow Faces Lawsuit Over Alleged Redfin Deal

Zillow is facing a class action lawsuit after its stock took a nosedive, dropping over 16%. The tumble came after allegations that Zillow made a shady deal with Redfin, paying them $100 million to chill out on the competition front. This apparently didn't sit well with the folks at the FTC, who accused Zillow and Redfin of playing dirty to squash competition in the rental listings market. What does it mean for you? If you invested in Zillow, you might want to check out your options and see if you can get in on the legal action. The deadline to lead the case is August 10, so hop to it if you want to join the party.