WILMINGTON, Del., July 16, 2014 /PRNewswire/ -- Rigrodsky &
Long, P.A.:
- Do you own
shares of ZipRealty, Inc. (NASDAQ GM: ZIPR)?
- Did you
purchase any of your shares prior to July
15, 2014?
- Do you
think the proposed buyout price is too low?
- Do you want
to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating
potential legal claims against the board of directors of ZipRealty,
Inc. ("ZipRealty" or the "Company") (NASDAQ GM: ZIPR) regarding
possible breaches of fiduciary duties and other violations of law
related to the Company's entry into an agreement to be acquired by
Realogy Holdings Corp. ("Realogy") (NYSE: RLGY), in a transaction
valued at approximately $166
million.
Click here to learn more:
http://www.rigrodskylong.com/investigations/ziprealty-inc-zipr.
Under the terms of the agreement, public shareholders of
ZipRealty would receive $6.75 in cash
for each share of ZipRealty they own.
The investigation concerns whether ZipRealty's board of
directors failed to adequately shop the Company and obtain the best
possible value for ZipRealty's shareholders before entering into an
agreement with Realogy. According to Yahoo! Finance, at least
one analyst has issued a price target for ZipRealty stock at
$9.00 per share.
If you own the common stock of ZipRealty and purchased your
shares before July 15, 2014, if you
have information or would like to learn more about these claims, or
if you wish to discuss these matters or have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Seth D. Rigrodsky or Gina M. Serra at Rigrodsky & Long, P.A., 2
Righter Parkway, Suite 120, Wilmington,
DE 19803, by telephone at (888) 969-4242; by e-mail to
info@rl-legal.com, or at:
http://www.rigrodskylong.com/investigations/ziprealty-inc-zipr.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes
securities class, derivative and direct actions, shareholder rights
litigation and corporate governance litigation, on behalf of
shareholders in states and federal courts throughout the United States.
Attorney advertising. Prior results do not guarantee a
similar outcome.
CONTACT:
Rigrodsky & Long, P.A.
Seth D. Rigrodsky
Gina M. Serra
(888) 969-4242
(302) 295-5310
Fax: (302) 654-7530
info@rl-legal.com
http://www.rigrodskylong.com
SOURCE Rigrodsky & Long, P.A.