WILMINGTON, Del.--(BUSINESS WIRE)--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 email@example.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.
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