Case revived over Zynga leaders allegedly using inside information to dump stock in 2012

(Reuters) – The Delaware Supreme Court revived a lawsuit against Zynga’s controlling shareholder, Mark Pincus, and fellow board members for allegedly allowing leaders of the social gaming company to act on inside information and dump stock before it crashed in 2012.

Delaware’s high court ruled that the Court of Chancery erred when it dismissed the lawsuit against the board of Zynga, which created the online game Farmville, in February for procedural reasons.