Large Firm Sophistication – Small Firm Values

Andre Springer

ZipRealty, Inc.

ZIPREALTY SHAREHOLDER ALERT - Andrews & Springer LLC Is Seeking More Cash for Shareholders of ZipRealty Inc.  

(Wilmington, DE) Andrews & Springer LLC, a boutique securities class action law firm focused on representing shareholders nationwide, is investigating potential breach of fiduciary duty claims against the Board of Directors of ZipRealty, Inc. (“ZipRealty” or the “Company”) relating to the sale of the Company to Realogy Holdings Corp. (“Realogy”). On July 16, 2014, the two companies announced the signing of a definitive merger agreement pursuant to which Realogy will acquire ZipRealty in a merger valued at roughly $166 million. As a result of the merger, ZipRealty shareholders are only anticipated to receive $6.75 per share in cash in exchange for each share of ZipRealty they own.

Our Firm’s investigation has so far uncovered that the consideration that ZipRealty shareholders are expected to receive is inadequate. Analysts at Yahoo! Finance have set a $8.00 per share price target for ZipRealty, which is approximately 18.5% more than what ZipRealty shareholders are expected to receive.

Andrews & Springer’s investigation also concerns whether ZipRealty directors are breaching their fiduciary duties by failing to adequately shop the company and maximize shareholder value.

If you own shares of ZipRealty and want to receive additional information and protect your investments free of charge, please visit us at http://www.andrewsspringer.com/cases-investigations/zipr or contact Craig J. Springer, Esq. at cspringer@andrewsspringer.com, or call toll free at 1-800-423-6013. You may also follow us on LinkedIn – www.linkedin.com/company/andrews-&-springer-llc, Twitter – www.twitter.com/AndrewsSpringer or Facebook - www.facebook.com/AndrewsSpringer for future updates. 

Andrews & Springer is a boutique securities class action law firm representing shareholders nationwide who are victims of securities fraud, breaches of fiduciary duty or corporate misconduct. Having formerly defended some of the largest financial institutions in the world, our founding members use their valuable knowledge, experience, and superior skill for the sole purpose of achieving positive results for investors. These traits are the hallmarks of our innovative approach to each case our Firm decides to prosecute. For more information please visit our website at www.andrewsspringer.com. This notice may constitute Attorney Advertising.