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Insider trading at Zynga?

Key people got out early.

With the stock of social gaming giant Zynga taking a dive as of late, it has come to the attention of several observers that many of the key people at the company managed to sell off their stocks during the same period that the company was struggling to meet expectations and when the stock was still flying high.

A "secondary stock offering" in April where Zynga executives sold off shares for a total value of $516 million (the stock was trading at $12), founder Marc Pincus cashed in a cool $200 million (same stock worth around $50 million today) is now coming under scrutiny.

As you would expect law firms have jumped at the opportunity to investigate whether there is any wrong doing involved and it seems the troubles for Zynga are just getting started.

Insider trading at Zynga?

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