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Strategies & Market Trends : Zillow -- An online real estate center

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Oct 31 9:30 AM EST

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From: Sr K	6/6/2016 11:57:27 PM
	of 42

Briefing.com June 8, 2016 5:25 pm News Corp. subs enters into settlement agreement with Zillow (ZG) (NWSA) : On June 6, 2016, Move, a subsidiary of News Corporation, entered into a settlement agreement and release with Zillow, Errol Samuelson and Curt Beardsley with respect to the lawsuit previously filed by the Plaintiffs against the Defendants. Under the terms of the Settlement Agreement, Zillow will pay the Plaintiffs $130 million and the pending litigation will be dismissed. Pursuant to an agreement with Move, NAR is entitled to 10% of the settlement proceeds after deduction of Move's litigation-related costs and fees, with the remainder being paid to Move.

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