October 27, 2015
A California federal judge on Monday preliminarily approved a $23 million settlement between banking giants including Goldman Sachs & Co. and investors in a consolidated suit against Zynga Inc., alleging company insiders misrepresented the gaming company’s financial health and sold stock before a weak second quarter earnings report. (Correction: An earlier story incorrectly stated that Zynga underwriters were parties to the settlement. The error has been corrected.)
August 12, 2013
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.