Zynga Sued Over Social-Game Maker Executives’ Stock Sales

Zynga Inc., the largest maker of online social games, was sued by a shareholder after executives were allowed to sell stock early for more than $200 million, while sales by lower level employees and outsiders were blocked.

Wendy Lee, a former Zynga product manager, contended that after a Dec. 16, 2011, initial public offering, substantially all shareholders, including all officers and directors, were barred from selling shares for 165 days.