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Litigation

Aug. 2, 2012

Zynga faces insider trading class action

By Kevin Lee
Daily Journal Staff Writer

Zynga Inc. is facing a class action that accuses its executives of misleading investors and selling off millions of shares before releasing an earnings report that fell short of projections.

The putative class action filed Monday on behalf of Zynga shareholder Mark H. DeStefano also names as defendants several Zynga executives, board members and bankers that helped underwrite Zynga's initial and secondary offerings.

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