Zynga’s Shareholder’s Thrill Ride

Friday, July 27, 2012

Zynga’s Shareholder’s Thrill Ride

ZNGA shareholder’s have likely already seen the high’s of the this coaster ride and it is all downhill from here. I don’t believe that ZNGA has seen the lowest valuations yet. But there are lessons to be learned -

Zynga's Lessons for Games Makers

For the game companies and the investors as well as Zynga’s exec’s -

Zynga Stock Pummeled on Earnings Loss

And Zynga’s attorneys as many Law Firms are now investigating Zynga for possible securities violations and even fraud.

Shareholder Alert: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary Duty by Zynga, Inc. (via PR Newswire)

NEW YORK, July 26, 2012 /PRNewswire/ -- Levi & Korsinsky is investigating potential claims on behalf of purchasers of Zynga, Inc. ("Zynga" or the "Company") (Nasdaq: ZNGA) securities concerning possible violations of federal securities laws and breaches of fiduciary duty.
For more information, click here: http://zlk.9nl.com/zynga-znga.
On July 25, 2012, Zynga released its financial results for the second quarter of 2012, reporting a net loss of $22.8 million and substantially lowering its outlook for the rest of the year. Upon this news, shares of Zynga fell 40 percent. Zynga shares have fallen 70% since its December 2011 Initial Public Offering.
The investigation stems from concerns that Zynga misrepresented and/or failed to disclose materially adverse facts about its business and financial condition. Furthermore, certain Zynga executive officers sold a combined 43 million shares of Company stock during the second quarter of 2012, shortly before Zynga reported poor financial results.
If you own Zynga stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/zynga-znga.
Levi & Korsinsky is a national firm with offices in New York and Washington D.C. The firm has extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major securities lawsuits and have successfully recovered multimillion-dollar damages awards on behalf of investors. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com

SOURCE Levi & Korsinsky, LLP
PR Newswire (http://s.tt/1j5Z7)

Shareholder Rights Law Firm Johnson & Weaver, LLP Announces Investigation of Zynga, Inc.

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SAN DIEGO--(BUSINESS WIRE)--Shareholder Rights Law Firm Johnson & Weaver, LLP announces that it is investigating whether certain officers and directors of Zynga, Inc. ("Zynga") (Nasdaq stock symbol: ZNGA) engaged in fraudulent conduct or breached their fiduciary duties to shareholders in violation of state and federal securities laws.
Zynga describes itself as the world's leading provider of social game services, providing on-line gaming principally on Facebook and mobile devices.
On July 25, 2012, Zynga announced a net loss of $22.8 million for the second quarter of 2012, and drastically lowered estimates for its revenue for the full year. On this news, Zynga's common stock dropped nearly 40%, to $3.10 per share.
In a secondary stock offering in April of this year, certain of Zynga’s officers, directors, and investors sold over $500 million worth of their stock.
Johnson & Weaver’s investigation focuses on whether certain officers and directors of Zynga breached their fiduciary duties by failing to inform investors of material adverse information, including declining sales and revenues, while at the same time selling their own shares.
Investors who purchased shares of Zynga common stock at any time before July 26, 2012, including those who purchased during the company’s IPO in December 2011, and who currently still own any shares may have legal rights to compensation.
Johnson & Weaver, LLP invites Zynga shareholders who are concerned about their legal rights and remedies, as well as others who may have information about the above, to contact attorney David Elliot at (619) 230-0063 or davide@johnsonandweaver.com.
Johnson & Weaver, LLP is a nationally recognized shareholders’ rights law firm. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com.

Contacts

Johnson & Weaver, LLP
David Elliot
619-230-0063
davide@johnsonandweaver.com

X-X-X-X-X-X-X-X-X-X-X-X-X

Newman Ferrara LLP Announces Investigation of Zynga, Inc.

NEW YORK - (BUSINESS WIRE) - Newman Ferrara LLP (www.nfllp.com) has begun an investigation on behalf of shareholders of Zynga, Inc. ("Zynga" ) (Nasdaq: ZNGA) into potential violations of federal securities laws and breaches of fiduciary duty by Zynga and certain of its officers.

On July 25, 2012, Zynga announced its financial results for the second quarter of 2012, reporting a net loss of $22.8 million and lower than expected earnings estimates, and drastically lowering its outlook for the rest of the year. Following this announcement, Zynga's common stock plummeted 40% in value to a trading price of $3.06 per share.

Newman Ferrara's investigation focuses on whether Zynga misrepresented or failed to disclose material adverse facts about its business and financial condition including, among other things, that Zynga has been: (1) experiencing a rapid decline in user numbers of existing web games; (2) experiencing substantial delays in launching new web games; and (3) entirely dependent on Facebook's online gaming platform. Newman Ferrara's investigation also focuses on the 43 million shares of personally held stock sold by Zenga's executive officers in April at a price of $12 per share for proceeds totaling $516 million. These insider sales were executed during the second quarter of 2012 shortly before Zynga reported terrible financial results for that quarter and prior to the corresponding 40% drop in Zynga stock price.
Investors who purchased shares of Zynga common stock between December 16, 2011 and July 25, 2012 and who have lost more than $100,000 on those investments are encouraged to contact Newman Ferrara attorney Roy Shimon at (212) 619-5400 or rshimon@nfllp.com to discuss this investigation and their rights as Zynga shareholders.
Whistleblowers: Persons with knowledge that may aid in the investigation of this matter are encouraged to contact the firm. Under the Dodd-Frank Wall Street Reform Bill, whistleblowers are protected from employer retaliation and may be entitled to as much as 30 percent of the recovery if the information provided leads to a successful action.
Newman Ferrara maintains a multifaceted practice based in New York City with attorneys specializing in complex commercial and multi-party litigation with an emphasis on securities, ERISA, mergers and acquisitions, consumer fraud, and real estate. For more information, please visit the firm website at www.nfllp.com.