BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith reminds investors of the upcoming March 27, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of a class of investors who purchased or otherwise acquired 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 Yahoo! shares, 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 Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to firstname.lastname@example.org, or visit our website at http://www.howardsmithlaw.com.
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