Bernstein Liebhard LLP Announces Investigation Into Zynga, Inc.

NEW YORK, July 31, 2012 /PRNewswire/ -- Bernstein Liebhard LLP today announced an investigation into potential securities claims against Zynga, Inc. (ZNGA) ("Zynga" or the "Company"), a developer and marketer of online social games.

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Zynga went public in December 2011 at $10 per share.  On March 29, 2012, Zynga filed a Prospectus for a Secondary Offering of almost 43 million shares by pre-IPO owners of Zynga stock at $12.00 per share. The Secondary Offering was completed on April 3, 2012.

On July 25, 2012, after close of trading, Zynga released its financial results for the second quarter of 2012.  Zynga announced a net loss of $22.8 million for the second quarter – or earnings of 1 cent versus analyst estimates of 5 cents -- an 80% miss. Zynga also lowered guidance going forward.  Upon this news, Zynga's shares plummeted nearly 40 percent to close at $3.12 on July 26, 2012.  

If you are interested in discussing your rights as a Zynga shareholder and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or [email protected].

Bernstein Liebhard has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients.  It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last nine years.

Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com

ATTORNEY ADVERTISING. © 2012 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin.  Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information
Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
http://www.bernlieb.com
(212) 779-1414
[email protected]

SOURCE Bernstein Liebhard LLP

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