BAH, ZYNGA - Game developer Zynga and members of its board of directors were hit with a shareholder lawsuit Saturday in New York Eastern District Court over the company’s planned sale to Take-Two Interactive. The court action, filed by Halper Sadeh LLP, claims that filings in support of the $12.7 billion transaction misrepresent material information and fail to disclose insider conflicts of interest. Counsel have not yet appeared for the defendants. The case is 1:22-cv-01691, Mercer v. Zynga Inc. et al. Stay up on the latest deals and litigation with the new Law.com Radar.
Aligning with Client Expectations: Is Your Firm Walking the Walk In 2022? By Vivian Hood and Terry M. Isner
WHILE YOU WERE SLEEPING
RIGHTS WRONGS - The International Bar Association’s Human Rights Institute on Monday strongly condemned what it described as purported assaults on the independence of the legal profession and the ongoing deterioration of the rule of law in Guatemala, Law.com International’s Amy Guthrie reported. Incidents of Guatemalan judges and prosecutors being dismissed, harassed, intimidated, arrested, judicially persecuted and forced to resign are being recorded with increased frequency, the institute said. Notably, it added, all those reportedly affected have been involved in investigating, prosecuting and adjudicating large-scale, high-level corruption and gross human rights violations. Anne Ramberg Dr Jur hc, co-chair of the institute and a former secretary general of the Swedish Bar Association, called out the Guatemalan Supreme Court and attorney general for “recent actions that ostensibly target and punish legal professionals who are committed to upholding the rule of law, protecting human rights and fighting impunity.” Co-chair Mark Stephens CBE added: “We stand in solidarity with any targeted legal professionals and human rights defenders in Guatemala and call on the international community to hold Guatemala to account.”