Goldman Sachs, Others Target Investor Claims In Zynga Row

Law360, New York (August 12, 2013, 3:50 PM EDT) -- Banking giants including Goldman Sachs & Co. took aim Friday at investors in a consolidated suit against Zynga Inc., Goldman and other underwriters, arguing those investors could not bring claims over Zynga’s secondary offering because they had not purchased shares in that offering. 

The investors, who claim company insiders misrepresented Zynga's financial health and sold off their stock before a weak second quarter earnings report, did not show enough proof that they have standing to make claims involving the company’s secondary offering, the underwriter defendants said...
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