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Federman & Sherwood Investigates Zipcar, Inc. for Possible Breaches of Fiduciary Duty



  Federman & Sherwood Investigates Zipcar, Inc. for Possible Breaches of
  Fiduciary Duty

Business Wire

OKLAHOMA CITY -- January 9, 2013

The law firm of Federman & Sherwood has initiated an investigation into
Zipcar, Inc. (NASDAQ: ZIP) (“Zipcar”) with respect to possible breaches of
fiduciary duty by the company’s officers and directors, as well as violations
of state law, in connection with the take-over bid offer by Avis Budget Group
Inc. (NASDAQ: CAR) (“AVIS”).

On January 2, 2013, Zipcar announced that it had agreed to be acquired by
AVIS, whereby AVIS would acquire all outstanding shares of Zipcar common stock
in a cash offer of approximately $12.25 per Zipcar share, or approximately
$491.2 million, which from all outward appearances, undervalues the company
significantly since analysts have recently given Zipcar a target share price
at $13.00 per share, and that the offer price does not offer a large premium
to Zipcar shareholders.

Federman & Sherwood is investigating whether: (1) the information being
provided to Zipcar shareholders makes all necessary disclosures with respect
to the proposed sales transaction; (2) whether the proposed sale to AVIS
offers adequate long-term value to Zipcar shareholders; and (3) whether Zipcar
could have received a higher per share price for its shareholders had the
officers and directors aggressively sought other purchasers for the company.

If you currently own common stock in Zipcar, Inc. and purchased your shares
before January 2, 2013, have information to assist in our investigation of
this transaction, or have any questions or concerns regarding this notice or
preservation of your rights, please contact William B. Federman. Federman &
Sherwood has extensive nationwide experience in representing investors in
securities, derivative and merger-related shareholder class actions, and has
been appointed as lead counsel in multiple complex cases.

Contact:

FEDERMAN & SHERWOOD
William B. Federman, 405-235-1560
wbf@federmanlaw.com
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