Zynga's IPO lawsuit dismissed

The U.S. District Court of San Francisco has dismissed a lawsuit against Zynga, which accused the company of misleading investors and inflating the value of its stock price before and after its 2011 IPO.

As reported by re/code, the complaint alleged that Zynga had failed to express how closely related Zynga’s success is to the overall success of the Facebook gaming platform. That is, how drops in user numbers and revenue on Facebook would negatively impact Zynga’s market performance.

Zynga released a statement on Tuesday, in response to the ruling.

“Today