AI Summary

Zillow has agreed to pay $212.5 million to resolve a shareholder class action that accused the company of misleading investors about its Zillow Offers home‑flipping business, which was shut down in 2021. The settlement, which still requires court approval, follows a recent decision by the U.S. Supreme Court to refuse hearing Zillow’s challenge to the lawsuit’s class‑status certification. The case centers on claims that Zillow misrepresented the performance and prospects of the now‑defunct offers operation.

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