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Short Take: ZD slapped with second class-action suit

Ziff-Davis has been hit with its second class-action lawsuit in a week, by the law firm of Schatz & Nobel P.C. The suit alleges that the tech publishing company misrepresented facts in the prospectus for its April IPO, leading to inflated share prices. "Ziff-Davis has taken its disclosure obligations seriously, and we are confident that the facts will bear this out," Ziff general counsel J. Malcolm Morris said.

Ziff-Davis has been hit with its second class-action lawsuit in a week, by the law firm of Schatz & Nobel P.C. The suit alleges that the tech publishing company misrepresented facts in the prospectus for its April IPO, leading to inflated share prices. "Ziff-Davis has taken its disclosure obligations seriously, and we are confident that the facts will bear this out," Ziff general counsel J. Malcolm Morris said.