Zynga Tries To Nix $13M Stock Buy Suit

Law360, New York (August 8, 2011, 7:48 PM EDT) -- Online game creator Zynga Inc. asked a California federal court on Friday to dismiss Alpha Investment LLC’s “badly flawed” breach of contract suit, claiming the complaint didn't tell the whole story surrounding the botched $12.9 million stock purchase in dispute.

Zynga asked the court to toss the suit, arguing the purported stock purchase contract contains clauses that “explicitly waive the precise claims Alpha seeks to assert” and fails to show Zynga has any obligation to transfer stock it has withheld to the plaintiff, according to the...
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