in Markel!

Zynga Being Sued for Insider Trading

John Koetsier for VentureBeat:

As we reported before, Zynga executives and investors, including CEO Marc Pincus, sold over $500 million in stock just three months before. Pincus sold $200 million of Zynga stock, chief operating officer John Schappert sold $3.9 million, and chief financial officer David Wehner sold stock worth $4.6 million.

Unsurprising.

Every time Zynga’s execs open their mouths, they come off as jackasses. Part of the suit alleges that they basically burned their own employees on the IPO.

Classy.