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YAHOO! INVESTOR ALERT: Hagens Berman Alerts Yahoo! Investors to Securities Class Action and Lead Plaintiff Deadline
Jan. 26, 2017 09:26AM PST
Defense And Security Investing
Yahoo! (NASDAQ:YHOO) investors are alerted by Hagens Berman Sobol Shapiro to the securities class action lawsuit filed in the US District Court for the Northern District of California and to the March 27, 2017 Lead Plaintiff deadline. If you purchased or otherwise acquired securities of YHOO and suffered losses contact Hagens Berman Sobol Shapiro. As …
Yahoo! (NASDAQ:YHOO) investors are alerted by Hagens Berman Sobol Shapiro to the securities class action lawsuit filed in the US District Court for the Northern District of California and to the March 27, 2017 Lead Plaintiff deadline. If you purchased or otherwise acquired securities of YHOO and suffered losses contact Hagens Berman Sobol Shapiro.
As quoted in the press release:
On September 22, 2016, Defendants disclosed that hackers stole information in late 2014 on more than 500 million user accounts. This news drove the price of Yahoo shares down over 3%. Then, on December 14, 2016, Defendants disclosed that in August 2013 hackers stole information on more than 1 billion user accounts. This news drove the price of Yahoo shares down over 6%.
More recently, the Wall Street Journal reported that the SEC has opened an investigation into the timing of Yahoo’s disclosures regarding the data breaches, stating “The SEC requires companies to disclose cybersecurity risks as soon as they are determined to have an effect on investors.”
