A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Zynga Inc (NASDAQ: ZNGA) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on March 11, 2016 and NASDAQ: ZNGA investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/25/2016 -- The deadline was extended to March 11, 2016 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Zynga Inc (NASDAQ: ZNGA) between December 16, 2011 and July 25, 2012.
Investors who purchased a significant amount of shares of Zynga Inc (NASDAQ: ZNGA) between December 16, 2011 and July 25, 2012, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Zynga Inc (NASDAQ: ZNGA) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/zynga-inc-nasdaq-znga-investor-securities-class-action-lawsuit-07302012
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is March 11, 2016. The class action administrator for this case is Epiq Systems, Inc. The lawsuit was originally filed in the U.S. District Court for the Northern District of California against Zynga Inc over alleged violations of Federal Securities Laws in connection with certain financial statements.
According to the complaint the plaintiff alleges on behalf of purchasers of the common stock of Zynga Inc (NASDAQ: ZNGA) between December 16, 2011 and July 25, 2012, including those investors who acquired Zynga Inc (NASDAQ: ZNGA) stock pursuant to and/or traceable to its secondary stock offering, that the defendants violated the Sections 11, 12(a)(2), and 15 of the Securities Act of 1933 and Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10(b)(5) promulgated thereunder.Specifically, the plaintiff alleges 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.
Those who purchased NASDAQ: ZNGA shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com