Summary of Case:
Scott + Scott filed a securities class action against Yahoo! Inc. (YHOO) ("Yahoo" or the "Company") on May 16, 2007 in the United States District Court for the Central District of California on behalf of all securities purchasers from April 8, 2004 through July 18, 2006("Class Period"). The complaint alleges that Yahoo's stock rose precipitously on defendants' positive statements concerning Yahoo's sales growth, record reported revenues and earnings and strong business fundamentals, which defendants stated would provide further stability and growth, reaching a Class Period high of over $43 per share on January 6, 2006. However, concealed from investors was the fact that due to operational deficiencies in its ad technology, Yahoo was rapidly losing market share to Google and other search engines and Web destinations that would significantly undermine its revenues, earnings and value. The deadline to file for Lead Plaintiff is July 10, 2007.
If you purchased YHOO shares during the Class Period and suffered a loss, please contact Scott + Scott through the link below.
