LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) reminds investors of the March 27, 2017 deadline to file a lead plaintiff motion in the class action filed by GPM on behalf of a class (the “Class”) of investors who purchased Yahoo! Inc. (“Yahoo!” or the “Company”) (NASDAQ: YHOO) securities between November 12, 2013 and December 14, 2016, inclusive (the “Class Period”). Yahoo! investors have until March 27, 2017 to file a lead plaintiff motion.
On September 22, 2016, Yahoo! revealed to the public that hackers improperly acquired information in late 2014 on more than 500 million user accounts. This news caused the price of Yahoo! shares to drop over 3%.
Then, on December 14, 2016, post-market, Yahoo! announced that it had uncovered a data breach, compromising more than 1 billion user accounts since August 2013. On this news, Yahoo!'s share price fell over 6% during intraday trading on December 15, 2016. And, according to several news reports, the data breach jeopardizes Verizon’s proposed purchase of Yahoo.
If you purchased or otherwise acquired shares of Yahoo! during the Class Period you may move the Court no later than March 27, 2017 to request appointment as lead plaintiff. To be a member of the class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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