Online Video Game Maker Reaches $23M Settlement In Securities Class Action

Mealey's (August 10, 2015, 2:57 PM EDT) -- WASHINGTON, D.C. — Online video game maker Zynga Inc. will pay $23 million to settle claims that it and certain of its executive officers and directors violated federal securities laws by misrepresenting the company’s business and financial condition, according to an Aug. 7 regulatory filing with the Securities and Exchange Commission.

(SEC Form 10-Q available. Document #57-150817-051X.)

According to Zynga’s SEC Form 10-Q, the agreement in principle in In re Zynga Inc. Securities Litigation (No. 12-4007, N.D. Calif.), which is subject to court approval, was reached...
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