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Litigation

Mar. 31, 2015

Zynga can't shake investor lawsuit

Zynga Inc. and several of its current and former officers failed to escape from a case brought by shareholders when a federal judge in Oakland denied their motion to dismiss.


By Joshua Sebold


Daily Journal Staff Writer


SAN FRANCISCO - San Francisco online video game developer Zynga Inc. and several of its current and former officers failed to escape the newest iteration of securities fraud claims brought by shareholders after a federal judge in Oakland denied their motion to dismiss the case.


The plaintiffs allege the company deliberately failed to disclose a bevy of negative information about its market position i...

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