WeissLaw LLP Investigates Zipcar, Inc.
NEW YORK -- January 3, 2013
WeissLaw LLP, a national class action and shareholder rights law firm with
offices in New York City and Los Angeles, is investigating possible breaches
of fiduciary duty and other violations of law by the Board of Directors of
Zipcar, Inc. (“Zipcar” or the “Company”) (NasdaqGS: ZIP) arising from its
agreement for Zipcar to be acquired by Avis Budget Group, Inc. (“Avis”)
(NasdaqGS: CAR), in a transaction valued at approximately $500 million. Under
the terms of the proposed transaction Zipcar shareholders will receive $12.25
in cash for each Zipcar share they own. This price is below the target price
set by certain securities analysts.
WeissLaw LLP is investigating whether Zipcar’s Board acted in the best
interests of its public shareholders by actively shopping the Company to
maximize shareholder value for Zipcar’s public shareholders, prior to entering
into the proposed transaction with Avis. If you own Zipcar shares and would
like more information about your rights as a shareholder or additional
information concerning our investigation, please contact Joshua M. Rubin
either by email at email@example.com or by telephone at (888) 593-4771.
WeissLaw LLP has litigated hundreds of stockholder class and derivative
actions for violations of corporate and fiduciary duties. We have recovered
over a billion dollars for defrauded institutions and individuals and obtained
important corporate governance in these cases. If you have information or
would like legal advice concerning possible corporate wrongdoing (including
insider trading, waste of corporate assets, accounting fraud, or issuing
materially misleading information), consumer fraud (including false
advertising, defective products, or other deceptive business practices), or
anti-trust violations, please email us at firstname.lastname@example.org or fill out the
form on our website, http://www.weisslawllp.com/contact/report_fraud/.
Attorney Advertising. Past results do not guarantee a similar outcome.
Joshua M. Rubin, Esq.
1500 Broadway, 16^th Floor
New York, NY 10036
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