Cast


Zynga, Inc. (ZNGA)

(NasdaqGS: ZNGA)

SUMMARY

 
 

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Substantial Losses of $100,000 Investing In Zynga, Inc. To Contact the Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities violations at Zynga, Inc. (“Zynga” or the “Company”) (NasdaqGS: ZNGA).

The investigation focuses on whether Zynga misrepresented or failed to disclose material adverse facts about the Company’s business and financial condition.  The investigation is also considering the firm’s insider sales.  Zynga’s executive officers sold 43 million shares of personally held stock in April 2012, at a price of $12 per share for proceeds totaling $516 million, as described in the Company’s May 23, 2012 S-1 Registration Statement.

On July 25, 2012, Zynga published financial results for the second quarter of 2012, reporting a net loss of $22.8 million, earnings which failed to meet estimates and a drastically reduced outlook for the remainder of fiscal year 2012.  As a result of this news, Zynga shares collapsed by 38% on July 26, 2012, closing at $3.15.

Take Action

If you purchased Zynga securities in connection with the Company’s December 16, 2011 initial public offering and would like to discuss your legal rights, contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com or fmcconville@faruqilaw.com.  Faruqi & Faruqi, LLP also encourages anyone with information regarding Zynga’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

 
 

Request Information

 
  Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you. If you want to be a Lead Plaintiff or join
this action now, please click HERE.
Case:Zynga, Inc. (ZNGA)
 
 
*Security code:
 
   
 
 

Contact Counsel

Richard W. Gonnello

Faruqi & Faruqi, LLP
369 Lexington Avenue 10th Floor
New York, NY 10017
Tel: (212) 983-9330
Email:  rgonnello@faruqilaw.com

Send Information

If you have information regarding this case that you would
like to make available, please click here to contact us
about our investigation