UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): September 26, 2011
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ZIPREALTY, INC.
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(Exact Name of Registrant as Specified in Its Charter)
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Delaware
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000-51002
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94-3319956
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(State or Other Jurisdiction of
Incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification
No.)
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2000 Powell Street, Suite 300
Emeryville, CA 94608
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(Address of Principal Executive Offices)
(Zip Code)
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510-735-2600
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(Registrant’s Telephone Number, Including Area Code)
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01. Regulation FD Disclosure.
The information in this Item 7.01 is being “furnished” and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended.
On September 26, 2011, the California State Labor Commissioner issued a press release stating that it had filed a lawsuit against ZipRealty, Inc. (the “Company”) alleging that the Company failed to pay real estate agents in California, at the time classified as employees, minimum wage and overtime mandated by California wage laws. While the Company has not yet been served with a copy of the complaint in this matter and thus can only comment on the allegations in the press release, the Company believes that its sales agents, whose job duties consisted exclusively of selling residential real estate, were properly classified as “Outside Salespersons” and were compensated accordingly in full compliance with California law. The Company adamantly believes that this claim is without merit and intends to vigorously defend this lawsuit.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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ZIPREALTY, INC.
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a Delaware corporation
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Dated:
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September 27, 2011
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By:
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/s/ Samantha E. Harnett
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Samantha E. Harnett
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Vice President and
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General Counsel
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