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Zynga founder and directors to face lawsuit over share sale

18th November 2014 3:03 pm GMT

Zynga founder and former chief executive Mark Pincus, along with a number of the company’s current and former directors, are facing a lawsuit that accuses them of unfairly benefitting from selling hundreds of millions of dollars worth of stock in 2012 despite being under a lockup agreement.

The lawsuit claims that Pincus was able to unfairly benefit from the decision to allow him to sell a percentage of his stock in the business, at a time [...]

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