Company: | Yahoo! Inc |
Ticker Symbol: | YHOO |
Class Period: | Apr-19-11 to May-13-11 |
Date Filed: | Jun-30-11 |
Lead Plaintiff Deadline: | Aug-29-11 |
Court: | Northern District of California |
Allegations: |
According to the complaints filed in the Northern District of California, the true value of an important asset of a Chinese strategic partnership was significantly overstated -- by billions, a securities lawyer represnting the plaintiffs said. When this was revealed, Yahoo!'s stock plummeted 15% in one day alone. This proposed lawsuit seeks to install better corporate governance at Yahoo! to deter these actions for company shareholders.
If you acquired the securities of the defendants during the Class Period you may, no later than the Lead Plaintiff Deadline shown above, request that the Court appoint you as lead plaintiff through counsel of your choice. You may also choose to remain an absent class member. A lead plaintiff must meet certain requirements.