poniedziałek, 17 listopada 2014

Zynga's chairman, directors must face lawsuit over stock sales: court

Zynga CEO Mark Pincus speaks at the Zynga Unleashed event in San Francisco By Tom Hals (Reuters) - Mark Pincus, the founder of video game company Zynga Inc, must face a lawsuit alleging he unfairly benefited by selling $192 million of stock in 2012 when other early investors were under a lockup agreement, according to a court ruling. The creator of FarmVille had asked the Delaware Court of Chancery to dismiss a lawsuit that alleged Pincus and other Zynga directors breached their duty of loyalty to shareholders by waiving the lockup for select investors. Lockup agreements control the supply of stock available for trading. ...








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