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BRIEF-ZipRealty to settle California Labor Commissioner lawsuit

Monday, 1 Oct 2012 | 4:11 PM ET

Oct 1 (Reuters) - ZipRealty Inc :

* ZipRealty agrees to settle California labor commissioner lawsuit

* ZipRealty has agreed to pay $5 million in exchange for a release of all

claims brought by the labor commissioner

* Expects to have a positive adjusted EBITDA for the full year

((Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780))

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