Court Revives Case Over Zynga's Alleged Insider Trading

Discussion in 'HardForum Tech News' started by HardOCP News, Dec 6, 2016.

  1. HardOCP News

    HardOCP News [H] News

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    I don't know why this is a big deal. Isn't one of the perks of being a CEO getting a little insider information so you can rake in millions before your stock takes a dump? Sheesh, way to overreact everyone. :D

    The Delaware Supreme Court revived a lawsuit against Zynga Inc's controlling shareholder, Mark Pincus, and fellow board members for allegedly allowing leaders of the social gaming company to act on inside information and dump stock before it crashed in 2012. Delaware's high court ruled that the Court of Chancery erred when it dismissed the lawsuit against the board of Zynga, which created the online game Farmville, in February for procedural reasons.
     
    Last edited: Dec 6, 2016
  2. Babbster

    Babbster [H]ard|Gawd

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    Given the results of a certain recent election, it seems unlikely that insider trading at the executive level will remain a crime in the US much longer.
     
  3. v6maro

    v6maro [H]ard|Gawd

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    oh shut up. #hillarylost #quitcrying