LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC, a shareholder rights firm, announces that it is investigating claims against Yahoo! Inc. (“Yahoo” or the “Company”) (Nasdaq: YHOO) concerning possible violations of federal securities laws.
To get more information about this investigation, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via email at email@example.com.
The investigation is centered on whether Yahoo and some of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, or committed violations of Sections 11 and 15 of the Securities Act of 1933.
On December 14, 2016, Yahoo announced that it had a data breach, with data from more than 1 billion user accounts at risk during August 2013. When this news was released to the public, Yahoo's share price dropped as much 6.5% on December 15, 2016. Furthermore, it is assumed that the data breach threatens Verizon’s purchase of Yahoo.
Lundin Law PC was founded by Brian Lundin, a securities litigator based in Los Angeles dedicated to upholding shareholders’ rights.
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