The Law Firm of Wohl & Fruchter Commences Investigation into the Acquisition of Zipcar, Inc. by Avis Budget Group, Inc.

NEW YORK--()--The law firm of Wohl & Fruchter LLP has commenced an investigation into the proposed acquisition of Zipcar, Inc. (Zipcar) (Nasdaq: ZIP) by Avis Budget Group, Inc. (Avis).

On January 2, 2012, Zipcar announced that it had entered into an agreement for Avis to acquire the company for $12.25/share in cash. Avis stated that it anticipates that key members of the Zipcar management team, including Scott Griffith, Zipcar’s chairman and chief executive officer, and Mark Norman, Zipcar’s president and chief operating officer, will continue to set the overall direction and run the day­to­day operations of Zipcar.

Wohl & Fruchter’s investigation concerns, among other things, the fairness of the process used to approve the acquisition and whether approval of the acquisition was improperly motivated by any conflicts of interest.

Additional information is available at http://www.wohlfruchter.com/cases/zip.

Persons with relevant information, and ZIP shareholders with questions about this investigation, are invited to contact our Firm by calling 866.582.8140, or contacting the attorney below.

About Wohl & Fruchter

Wohl & Fruchter LLP represents plaintiffs in litigation arising from fraud and other fiduciary breaches by corporate managers, as well as other complex litigation matters. Please visit our website, www.wohlfruchter.com, to learn more about our Firm, or contact one of our partners.

Contact:

J. Elazar Fruchter (jfruchter@wohlfruchter.com)
845.425.4658
Wohl & Fruchter LLP
570 Lexington Avenue
New York, NY 10022
www.wohlfruchter.com

This release may be deemed to constitute attorney advertising.

Contacts

Wohl & Fruchter LLP
J. Elazar Fruchter
845.425.4658
jfruchter@wohlfruchter.com

Release Summary

Investigating fairness of the process used to approve the acquisition of Zipcar by Avis and whether approval of the acquisition was improperly motivated by any conflicts of interest.

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Contacts

Wohl & Fruchter LLP
J. Elazar Fruchter
845.425.4658
jfruchter@wohlfruchter.com