Law Offices of Todd M. Garber Announces Investigation of Zipcar, Inc.

  Law Offices of Todd M. Garber Announces Investigation of Zipcar, Inc.

Business Wire

LOS ANGELES -- January 4, 2013

The Law Offices of Todd M. Garber announces that it is investigating potential
claims against the Board of Directors of Zipcar, Inc. (“Zipcar” or the
“Company”) (NASDAQ: ZIP) related to the proposed acquisition of the Company by
Avis Budget Group, Inc. The transaction is valued at approximately $491
million or $12.25 per share.

This investigation concerns whether the Board of Directors of Zipcar breached
their fiduciary duties to stockholders by failing to adequately shop the
Company before agreeing to enter into the proposed transaction, and whether
the Company has disclosed all material information to shareholders about the
transaction. The Company has seen substantial recent growth, and at least one
analyst has set a target price for the Company’s stock at $13.00.

If you are a shareholder of Zipcar, if you have information or would like to
learn more about our investigation, or if you wish to discuss these matters or
have any questions concerning this announcement or your rights or interests
with respect to these matters, please contact Todd M. Garber, Esquire, of the
Law Offices of Todd M. Garber, by telephone at 213-700-7262 or by email to
info@toddgarberlaw.com.

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Contact:

Law Offices of Todd M. Garber
Todd M. Garber, Esquire
213-700-7262
info@toddgarberlaw.com