What is the Zynga Lawsuit Settlement?
In 2019, Zynga, a leading social gaming company, was sued by shareholders who alleged that the company misled investors about its financial performance. The lawsuit claimed that Zynga overstated its revenue and profits in order to boost its stock price. The shareholders’ lawsuit was eventually settled in 2022. Under the terms of the settlement, Zynga agreed to pay $10 million to the shareholders. The company also agreed to make changes to its financial reporting practices.
When is the Zynga Lawsuit Settlement Payout Date?
The Zynga Lawsuit Settlement payout date is March 8, 2023. Shareholders who were eligible to participate in the settlement will receive their payments on that date.
Who is Eligible for the Zynga Lawsuit Settlement?
Shareholders who owned Zynga stock between January 20, 2016 and February 28, 2018, are eligible to participate in the settlement.
How to Claim the Zynga Lawsuit Settlement
To claim the Zynga Lawsuit Settlement, shareholders must submit a claim form by March 8, 2023. The claim form can be found on the Zynga Lawsuit Settlement website.
What if I Sold My Zynga Stock Before the Settlement?
Shareholders who sold their Zynga stock before the settlement are still eligible to participate in the settlement. However, the amount of the settlement payment will be reduced based on the number of days that the shareholder held the stock.
What if I Don’t Want to Participate in the Zynga Lawsuit Settlement?
Shareholders who do not want to participate in the Zynga Lawsuit Settlement can opt out of the settlement. However, shareholders who opt out will not be eligible to receive any of the settlement proceeds.
FAQs About the Zynga Lawsuit Settlement
Q: What is the total amount of the Zynga Lawsuit Settlement? A: The total amount of the Zynga Lawsuit Settlement is $10 million. Q: How many shareholders are eligible for the Zynga Lawsuit Settlement? A: Approximately 11,000 shareholders are eligible for the Zynga Lawsuit Settlement. Q: How much will I receive from the Zynga Lawsuit Settlement? A: The amount of the settlement payment will vary depending on the number of shares of Zynga stock that the shareholder owned and the length of time that the shareholder held the stock. Q: When will I receive my payment from the Zynga Lawsuit Settlement? A: Shareholders who submit a claim form by March 8, 2023, will receive their payments on March 8, 2023. Q: What if I have other questions about the Zynga Lawsuit Settlement? A: For more information about the Zynga Lawsuit Settlement, please visit the Zynga Lawsuit Settlement website.
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