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) -- 10/20/2016 -- An investigation on behalf of investors in shares of Yahoo! Inc. (NASDAQ:YHOO) was announced over potential breaches of fiduciary duties by certain directors at Yahoo! Inc.
Investors who purchased shares of Yahoo! Inc. (NASDAQ:YHOO) have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call 858-779-1554.
The investigation by a law firm concerns whether certain Yahoo! Inc. directors breached their fiduciary duties and caused damage to the company and its shareholders.
On September 22, 2016, Yahoo! Inc. revealed that a "recent investigation" confirmed that sensitive personal account information of at least 500 million account users "was stolen from the company's network in late 2014 by what it believes is a state-sponsored attack." Reportedly users' names, email addresses, phone numbers, dates of birth, hashed passwords, and in some encrypted or unencrypted security questions and answers were included in the data breach.
A class action lawsuit has been filed against Yahoo! Inc. regarding security breach affecting nearly 500 million users. The Complaint alleges that Yahoo's actions were reckless as they disregarded the safety and security of Yahoo users' personal information. The Complaint claims that Yahoo should be held responsible for their insufficiencies and the damages caused to its users. Unlike several other recent data breaches, Yahoo! Inc. has not offered users any assistance with identity theft protection, while Yahoo! Inc. users are now at a greater risk of having their identities stolen and must find their own way and pay to protect themselves.
Yahoo! Inc. reported that its annual Total Revenue rose from over $4.61 billion in 2014 to over $4.96 billion in 2015 while its Net Income of over $7.52 billion in 2014 declined to a Net Loss of over $4.35 billion in 2015.
Shares of Yahoo! Inc. (NASDAQ:YHOO) $51.75 per share in November 2014 declined to as low as $27.04 per share in February 2016.
On October 19, 2016, NASDAQ:YHOO shares closed at $42.73 per share.
Those who purchased shares of Yahoo! Inc. have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego