Zillow settles Jaeger securities class action for $212.5M cash; ~$48M covered by insurance

ZILLOW GROUP, INC.

Settlement resolves all claims in Jaeger v. Zillow Group (W.D. Wash., Case No. 2:21-cv-01551-TSZ); no admission of liability or wrongdoing.
Payment of $212.5M into escrow due within 20 business days after court preliminary approval; ~$48M expected from insurance proceeds.
Settlement class covers buyers of ZG Class A or Z Class C stock from Aug. 5, 2021 to Nov. 2, 2021.
Still subject to court approval and fairness hearing; can be terminated if exclusions exceed a confidential share threshold.
Related shareholder derivative actions remain pending and are unaffected by this settlement.

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