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Zillow had 27.1 million in legal fees in 2015

by Greg Robertson on February 12th, 2016

Ben Lane at HousingWire.com

“The legal battle is still ongoing, with Zillow stating that it spent $8.1 million in legal fees related to the Move/News Corp lawsuit in the fourth quarter, and $27.1 million for all of 2015, with those fees dragging down Zillow’s total financial results.

But Zillow’s not of the legal woods yet.

During a call with investors, Zillow’s chief financial officer, Kathleen Phillips, said that the costs related to Zillow’s “necessary defense” against Move’s claims are projected to rise from $27.1 million in 2015 to $36 million in 2016.”

Does that mean a a total cost of $63M in 2015 and 2016? I guess either number is scary. Fuck.

In a recent News Corp earnings call they mentioned spending $4M (in their Q2). Which means a run rate of $16M a year. Guess its cheaper to be the suer than the suey?

From → Realtor.com, Zillow

2 Comments
  1. Cade permalink

    How about showing a little literary class and not using the “F” word in your article.

  2. Go read another fucking blog Cade. : )

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