Industry News

ZipRealty reports second-quarter loss

Settlement over compensation practices hurts bottom line
Published on Aug 4, 2005

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by CareyBot

ZipRealty Inc. today announced a $946,000 net loss for the second quarter, which includes a $4.1 million one-time charge relating to the pending settlement of a threatened class-action lawsuit over employee compensation practices in California. ZipRealty had earlier announced that ...