SOURCE: Shareholders Foundation
SAN DIEGO, CA--(Marketwire - Sep 17, 2012) - The Shareholders Foundation, Inc. announces that a deadline to get actively involved is coming up on October 1 in the lawsuit filed on behalf of certain investors in shares of Zynga Inc (ZNGA) against over alleged Violations of Federal Securities Laws by Zynga Inc in connection with certain allegedly false and misleading statements.
Investors with a substantial investment in Zynga Inc (ZNGA) shares between December 16, 2011 and July 25, 2012, and those who acquired a substantial amount of Zynga Inc (ZNGA) stock pursuant to and/or traceable to its initial stock offering in December 2011 and/or secondary stock offering in May 2012, have certain options and should contact the Shareholders Foundation by e-mail at email@example.com or call +1 (858) 779-1554.
The plaintiff alleges that the defendants violated the Securities Exchange Act of 1934. Specifically, the plaintiff claims that the defendants issued allegedly false and misleading statements and omissions, including a false and misleading Registration Statement and Prospectus in connection with Zynga's secondary offering, about its business, operations, and growth prospects.
On July 25, 2012, Zynga Inc (ZNGA) reported its second quarter 2012 financial results. Among other things, Zynga Inc announced a net loss of $22.8 million for the second quarter of 2012. In addition, Zynga Inc announced that it is lowering its outlook for 2012.
ZNGA shares declined from as high as $14.69 on March 2, 2012 to as low as $2.67 per share on September 4, 2012.
Those who purchased a substantial amount of Zynga Inc (ZNGA) shares have certain options and should contact the Shareholders Foundation.
The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.