Additionally Zillow argued that Jaeger’s testimony was inconsistent with the complaint’s charges and individual questions of reliance would predominate over common questions of law or fact posed by this case.
Nevertheless, Zilly opined Zillow had not proved these points, noting common factual issues predominated.An internal strategy at Zillow known as Project Ketchup–in built changes to home offers up to 8% higher while at the same time reducing scope of work and payments for contractors–was not disclosed in the company’s public filings. When this ruse became apparent to The Street, a heavy price tag was paid by many investors suffering losses for years yet undetermined. Reports in October 2021 highlighted substantial markdowns and the cessation of home purchases, with repercussions for Zillow’s stock price.
Their attorneys are Hagens Berman Sobol Shapiro LLP and Kessler Topaz Meltzer & Check LLP, while Zillow is represented by Perkins Coie LLP and Skadden Arps Slate Meagher White & Case LLP.Jaeger v. Zillow Group Inc., case number 2:21-cv-01551, in the U.S. District Court for the Western District of Washington.
