An investigation for investors in 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) have certain options and should contact the Shareholders Foundation at email@example.com or call +1(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.
Those who purchased NASDAQ:YHOO shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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