The Briscoe Law Firm and Powers Taylor LLP Announce Investigation of Zoo Entertainment, Inc.
02 August 2011 - 6:58AM
Business Wire
Former United States Securities and Exchange Commission attorney
Willie Briscoe, founder of The Briscoe Law Firm, PLLC, and the
securities litigation firm of Powers Taylor, LLP announce that a
federal class action lawsuit has been filed against Zoo
Entertainment, Inc. (“Zoo Entertainment” or “ZOOG”) (NASDAQ: ZOOG).
The firms are investigating additional potential legal claims
against the officers and Board of Directors of Zoo Entertainment,
including claims for breach of fiduciary duty, on behalf of
investors who owned or purchased ZOOG shares during the period of
May 17, 2010 through April 15, 2011 (the “Class Period”).
If you are an affected investor, and you want to learn more
about the lawsuit or join the action, contact Patrick Powers at
Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at
patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law
Firm, PLLC toll free (877) 397-5991, or via email at
WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
It has been alleged in a recently-filed complaint that during
the Class Period, Zoo Entertainment and certain of its officers and
directors made materially false and misleading statements or failed
to disclose material information related to Zoo Entertainment’s
business and operations in violation of the Securities Exchange Act
of 1934. Specifically, it is alleged that defendants caused Zoo
Entertainment to report financial results that overstated
shareholder equity by over $250,000 and inflated both net income
and diluted net income per common share by 660% and 900%,
respectively. On April 15, 2011, when Zoo Entertainment reported
that it erred “in recording certain transactions in the company’s
previously filed unaudited consolidated financial statements,” the
stock plummeted more than 34%.
The Briscoe Law Firm is a full service business litigation,
commercial transaction, and public advocacy firm with more than 20
years of experience in complex litigation and transactional
matters.
Powers Taylor, LLP is a boutique litigation law firm that
handles a variety of complex business litigation matters, including
claims of investor and stockholder fraud, shareholder oppression,
shareholder derivative suits, and security class actions.
Zoo Entertainment, Inc. (MM) (NASDAQ:ZOOG)
Historical Stock Chart
From Aug 2024 to Sep 2024
Zoo Entertainment, Inc. (MM) (NASDAQ:ZOOG)
Historical Stock Chart
From Sep 2023 to Sep 2024