Faruqi & Faruqi, LLP, a leading national securities firm
headquartered in New York City, is investigating the Board of Directors
ofZipRealty Inc.
NEW YORK -- (Business Wire)
Juan
E. Monteverde, a partner at Faruqi
& Faruqi, LLP, a leading national securities firm headquartered
in New York City, is investigating the Board of Directors of ZipRealty
Inc. (“ZipRealty” or the “Company”) (NasdaqGM: ZIPR) for potential
breaches of fiduciary duties in connection with the sale of the Company
to Realogy Holdings Corp. (RLGY) for approximately $150 million. The
Company’s stockholders will only receive $6.75 for each share of
ZipRealty common stock they own. However, at least on analyst has set a
price target of $8.00 for the Company.
Cick here for more information: www.faruqilaw.com/ZIPR.There is no cost or obligation to you.
The investigation focuses on whether ZipRealty’s Board of Directors
breached their fiduciary duties to the Company’s stockholders by failing
to conduct a fair sales process and whether and by how much this
proposed transaction undervalues the Company to the detriment of
ZipRealty shareholders.
Faruqi
& Faruqi, LLP is a national law firm which represents investors
and individuals in class action litigation. The firm is focused on
providing exemplary legal services in complex litigation in the areas of
securities, shareholder, antitrust and consumer litigation, throughout
all phases of litigation. The firm has an experienced trial team which
has achieved significant victories on behalf of the firm’s clients. To
keep track of the latest securities litigation news, follow us on
Twitter at www.twitter.com/MergerActivity
or on Facebook at www.facebook.com/FaruqiLaw.
If you own common stock in ZipRealty and wish to obtain additional
information and protect your investments free of charge, please visit us
at www.faruqilaw.com/ZIPR
or contact Juan E. Monteverde, Esq. either via e-mail at jmonteverde@faruqilaw.com
or by telephone at (877) 247-4292 or (212) 983-9330.
Attorney Advertising. (C) 2014 Faruqi & Faruqi, LLP. The law firm
responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com).
Prior results do not guarantee or predict a similar outcome with respect
to any future matter. We are happy to discuss your particular case.
Contacts:
Faruqi & Faruqi, LLP
369 Lexington Avenue, 10th Floor
New
York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Toll
Free: (877) 247-4292
Phone: (212) 983-9330
Source: Faruqi & Faruqi, LLP
© 2024 Canjex Publishing Ltd. All rights reserved.