NEW YORK, July 17, 2014 /PRNewswire/ -- Levi & Korsinsky is investigating the Board of Directors of ZipRealty, Inc. ("ZipRealty" or "the Company") (NasdaqGM: ZIPR) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Realogy Holdings Corp. (NYSE: RLGY).
Click here to learn more about the investigation: http://zlk.9nl.com/ziprealty-zipr , or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, ZipRealty shareholders will receive $6.75 for each share of ZipRealty stock they own. The investigation concerns whether the Board of ZipRealty breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction, and whether Realogy Holdings Corp. is underpaying for ZipRealty shares. In particular, at least one analyst set a price target for ZipRealty stock at $8.00 per share.
If you own ZipRealty common stock and wish to obtain additional information, please contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/ziprealty-zipr .Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes. Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq.30 Broad Street - 24th Floor New York, NY 10004Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (866) 367-6510 www.zlk.com Logo - http://photos.prnewswire.com/prnh/20120409/MM84375LOGO SOURCE Levi & Korsinsky, LLP