Game developer Zynga and members of its board of directors were hit with a shareholder lawsuit Saturday in New York Eastern District Court over the company's planned sale to Take-Two Interactive. The court action, filed by Halper Sadeh LLP, claims that filings in support of the $12.7 billion transaction misrepresent material information and fail to disclose insider conflicts of interest. Counsel have not yet appeared for the defendants. The case is 1:22-cv-01691, Mercer v. Zynga Inc. et al.
Gaming & Esports
March 28, 2022, 9:32 AM