An investigation on behalf of investors in Yahoo! Inc. (NASDAQ:YHOO) shares over potential wrongdoing at Yahoo! Inc. was announced and NASDAQ:YHOO stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/24/2015 -- An investigation for investors who hold NASDAQ:YHOO shares long-term, is ongoing concerning potential breaches of fiduciary duties by certain officers and directors at Yahoo! Inc.
Investors who purchased shares of Yahoo! Inc. (NASDAQ:YHOO) in 2013 or earlier and currently hold any of those NASDAQ:YHOO shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain Yahoo officers and directors breached their fiduciary duties and caused damage to the company and YHOO stockholders.
On January 27, 2015, Shares of Yahoo! Inc. (NASDAQ:YHOO) announced management has recommended and the Board of Directors has authorized a plan for a tax-free spin-off of the company's remaining holdings in Alibaba Group into a newly formed independent registered investment company ("SpinCo"). The stock of the new company will be distributed pro rata to Yahoo shareholders, resulting in SpinCo becoming a separate publicly traded company. Shares of Yahoo! Inc. (NASDAQ:YHOO) delinked to as low as $41.80 per share on January 29, 2015.
On March 20, 2015, NASDAQ:YHOO shares closed at $45.04 per share.
Those who purchased shares of Yahoo! Inc. (NASDAQ:YHOO), have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com