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  • American City Business Journals3 months ago

    In $1.77B court battle with Move, Zillow executive testifies he deleted files to hide porn

    Executives with online real estate portal Zillow (Nasdaq: Z, ZG) are spending time on the witness stand this week as two of them give testimony in King County Superior Court in a lawsuit brought by one of Zillow’s rivals. parent company Move is suing Zillow and two former Move executives who joined Zillow in 2014 for allegedly disclosing and using Move’s trade secrets. Zillow has called the allegations “baseless.” In the court case, Move is alleging the executives, Errol Samuelson and Curt Beardsley, erased documents from Move computers and other devices to delete evidence that they had improperly handled Move’s proprietary business information.

  • American City Business Journals9 months ago

    Success in swallowing Trulia propels Zillow shares to 52-week high

    Zillow shares reached a 52-week high of $35.15 on Oct. 9 after rising handily during September. The high resulted from the Seattle online real estate company's "solid momentum," Zacks Equity Research said Monday. The firm expects Zillow's earnings growth rate to reach 30 percent over the long run.