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
