Joystiq
Joystiq News
Social game developer Zynga is being dragged that claims select board members acted unfairly on inside information by selling shares before a stock price tumble in 2012. As , the Delaware Supreme Court is reviving a case that alleges co-founder Mark Pincus, and a group of his fellow board members, were aware of the company's lacklustre performance. It's said that Zynga had a rule prohibiting stock sales until three days after an earnings report. Those who stand accused were given an exemption, however, and sold 20.3 million shares for $236.7 million three weeks before the announcement.
Source:
Console Bang News!