Zynga Resolves Trade-Secrets Misappropriation Dispute and 2 More Heavily Traded Stocks to Follow
Zynga Inc. (NASDAQ:ZNGA): Current price $3.09
A September 9 filing at a California state court indicates that Zynga and its former studio general manager have resolved a trade-secrets misappropriation case. In October, Zynga brought a suit against Alan Patmore in San Francisco County Superior Court, claiming that he took company files with him when he joined Zynga rival Kixeye. Both firms develop games to be used on social media websites. Zynga said the files contained revenue information and monetization strategy for its games, along with design documents for more than 10 unreleased games and 14 months of confidential emails reserved solely for Zynga’s executive staff.