Glancy Binkow & Goldberg LLP Announces Continued Investigation of Zipcar, Inc.

  Glancy Binkow & Goldberg LLP Announces Continued Investigation of Zipcar,
  Inc.

Business Wire

LOS ANGELES -- January 7, 2013

Glancy Binkow & Goldberg LLP 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 Louis Boyarsky, Esquire, Glancy
Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, CA
90067, by telephone at (310) 201-9150 or Toll Free at (888) 773-9224 or by
email to shareholders@glancylaw.com.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

Contact:

Glancy Binkow & Goldberg LLP
Louis Boyarsky, Esquire
(310) 201-9150 or Toll Free at (888) 773-9224
shareholders@glancylaw.com
 
Press spacebar to pause and continue. Press esc to stop.