A class action has been filed in the United States District Court for the Southern District of Ohio against Zoo Entertainment, Inc. (NASDAQ: ZOOG) on behalf of all purchasers of Zoo Entertainment, Inc. ("Zoo" or the "Company") (Nasdaq: ZOOG) common stock between May 17, 2010 and April 15, 2011 inclusive (the "Class Period").

Specifically, the complaint alleges that Defendants, notwithstanding their knowledge of the Company's material weaknesses in its internal controls, caused the Company 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, the Company filed with the SEC a Current Report on Form 8-K, disclosing that it had erred "in recording certain transactions in the Company's previously filed unaudited consolidated financial statements" for the first three quarters of 2010, ended March 31, 2010, June 30, 2010 and September 30, 2010. As a result, the Company warned that investors should no longer rely on those financial statements. On the announcement of this news, the price of Zoo common stock plummeted 34.3% from an April 15, 2010 close of $4.40 per share to an April 18, 2010 close of $2.89 on unusually high volume of 1.045 million shares traded.

If you are a current shareholder or purchased shares during the period of May 17, 2010 through April 15, 2011 and would like to discuss your options of exercising your rights as a shareholder, please contact us.
Please submit the following information so we can determine if you qualify for the suit. If you don't know all the specific details, partial information is also acceptable.