Press release from Business Wire
INVESTOR ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC, Remind Investors with Large Financial Interests of Lead Plaintiff Deadline in Class Action Lawsuit Against Zynga, Inc.
Friday, August 03, 2012
INVESTOR ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC, Remind Investors with Large Financial Interests of Lead Plaintiff Deadline in Class Action Lawsuit Against Zynga, Inc.00:05 EDT Friday, August 03, 2012 NEW ORLEANS (Business Wire) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until October 1, 2012 to file lead plaintiff applications in a securities class action lawsuit against Zynga, Inc. (Nasdaq: ZNGA), if they purchased the Company's securities during the period between December 16, 2011 and July 25, 2012, inclusive (the "Class Period"). This action is pending in the United States District Court for the Northern District of California. What You May Do If you purchased shares of Zynga and would like to discuss your legal rights and how this case might affect you and your right to recover from your economic loss, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis Kahn (email@example.com), toll free, 877-515-1850, or via cell phone any time at 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. (firstname.lastname@example.org), toll free at 877-694-9510, or via cell phone any time at 330-860-4092. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by October 1, 2012. About the Lawsuit Zynga and certain of its senior executives are charged with issuing a series of materially false and misleading statements, during the Class Period, in violation of federal securities laws. On July 26, 2012, Zynga shares plummeted 37%, after the Company announced fiscal second quarter financial results below estimates, and after it substantially reduced its fiscal 2012 bookings and earnings per share outlook. These disclosures were in stark contrast to the projections made by the Company, only months before, at the time of its December 2011 Initial Public Offering. About Kahn Swick & Foti, LLC To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com. Kahn Swick & Foti, LLCLewis Kahn, Managing Partner, 877-515-1850or after hours via cell phone email@example.com