INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of ZipRealty Inc. & Its Board of Directors In Connection With t...
July 15 2014 - 5:35PM
Business Wire
Levi & Korsinsky is investigating the Board of Directors of
ZipRealty, Inc. (“ZipRealty” or “the Company”) (NasdaqGM: ZIPR) for
possible breaches of fiduciary duty and other violations of state
law in connection with the sale of the Company to Realogy Holdings
Corp. (NYSE: RLGY).
Click here to learn more about the investigation:
http://zlk.9nl.com/ziprealty-zipr, or call: 877-363-5972.
There is no cost or obligation to you.
Under the terms of the transaction, ZipRealty shareholders will
receive $6.75 for each share of ZipRealty stock they own. The
investigation concerns whether the Board of ZipRealty breached
their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into this transaction,
and whether Realogy Holdings Corp. is underpaying for ZipRealty
shares. In particular, at least one analyst set a price target for
ZipRealty stock at $8.00 per share.
If you own ZipRealty common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email
at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free:
(877) 363-5972, or visit
http://zlk.9nl.com/ziprealty-zipr.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, Connecticut and Washington D.C. The firm’s 26
attorneys have extensive expertise in prosecuting securities
litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. For
more information, please feel free to contact any of the attorneys
listed below. Attorney advertising. Prior results do not guarantee
similar outcomes.
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky,
Esq.Tel: 212-363-7500Toll Free: 877-363-5972Fax:
866-367-6510www.zlk.com
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