BALA CYNWYD, Pa., July 19, 2014 /PRNewswire/ -- Law office of
Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of ZipRealty, Inc.
("ZipRealty" or the "Company") (Nasdaq: ZIPR) relating to the
proposed acquisition by Realogy Holdings Corp. ("Realogy").
Click here to learn more about the investigation
http://brodsky-smith.com/795-zipr-ziprealty-inc.html, or call:
877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, ZipRealty shareholders will
receive only $6.75 in cash for each
share of ZipRealty stock they own. The transaction values ZipRealty
at only $166 million. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of
ZipRealty for not acting in the Company's shareholders' best
interests in connection with the sale process. The transaction may
undervalue ZipRealty as the Company has an innovative software
platform, data analytics, and consumer relations software that
includes a lead scoring tool for real estate agents. In addition,
the transaction represents no real premium for shareholders above
the $6.56 per share that ZipRealty
stock traded at as recently as January 7,
2014.
If you own shares of ZipRealty common stock and wish to discuss
the legal ramifications of the investigation, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith,
LLC, Two Bala Plaza, Suite 602, Bala
Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/795-zipr-ziprealty-inc.html, or calling
toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
SOURCE Brodsky & Smith, LLC