In an article published today, the Upstart Business Journal interviewed partner Ethan Wohl concerning the lawsuit filed on behalf of current and former employees of Zynga against Mark Pincus, Zynga’s CEO, and other members of the company’s board of directors for breach of fiduciary duty in connection with discriminatory waivers of lockup provisions that allowed Pincus, the company’s CEO, and other board members, to unload shares at significantly higher prices in a secondary offering following Zynga’s IPO while denying the same opportunity to other employees.
Click here to read the article.