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) -- 02/11/2015 -- An investigation on behalf of current long-term investors in shares of Yahoo! Inc. (NASDAQ:YHOO) shares was announced over 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 firstname.lastname@example.org 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 its shareholders.
Yahoo! Inc. reported that its annual Total Revenue declined from over $4.68 billion in 2013 to over $4.61 billion in 2012 and that its respective Net Income increased from over $1.36 billion to over $7.52 billion. Shares of Yahoo! Inc. (NASDAQ:YHOO) grew from $15.84 per share in October 2012 to as high as $52.37 per share in November 2014. Since then NASDAQ:YHOO shares lost value.
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 February 9, 2015, NASDAQ:YHOO shares closed at $42.57 per share.
Those who purchased shares of Yahoo! Inc. (NASDAQ:YHOO), have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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