A former Zynga product manager has sued the Farmville maker. As reported by Bloomberg, Wendy Lee claims Zynga barred non-executives from selling their shares following the initial public offering in 2011, while management was able to cash out.
According to the lawsuit, Zynga executives "nearly doubled the proceeds from their [stock] sales" by being allowed to sell early. When Lee and other non-executives were allowed to sell, Zynga's share value had fallen 49.3 percent, she said.
According to the lawsuit, Zynga executives "nearly doubled the proceeds from their [stock] sales" by being allowed to sell early. When Lee and other non-executives were allowed to sell, Zynga's share value had fallen 49.3 percent, she said.