Yahoo Shareholder Litigation Settlement Presented to the Court of Chancery
December 10, 2008Settled class action litigation challenging Board's response to merger proposal from Microsoft Corporation by obtaining comprehensive changes to Change In Control Employee Severance Plans. One industry commentator said of the settlement: "The bottom line: It would now be easier (and less expensive) to sell the company." Settlement is pending.
Click here to review recent court documents, including the teleconference transcript outlining the agreement to the Court, and a letter submitted to Chancellor Chandler by Lead Plaintiffs attaching the Stipulation and Agreement of Settlement and the new severance plans.
For more information regarding the case, click on the link below.
Also of Interest
BLB&G Again Tops SCAS All-Time List With More Top Recoveries Than Any Other Firm
ISS SCAS Releases Top Securities Settlements Report: Bernstein Litowitz Leads the Field for Ninth Consecutive Year
February 11, 2019
Law360 Highlights BLB&G’s Top Ranking in Review of ISS/SCAS All-Time Top Settlements Report
June 14, 2017
Lawdragon Profiles Groundbreaking Workplace Protections Achieved by BLB&G in its Fox Derivative Litigation
Historic Settlement Establishes Landmark Fox News Workplace Professionalism and Inclusion Council to Remedy Workplace Harassment Issues
November 20, 2017
BLB&G Partner Mark Lebovitch Quoted in Fortune magazine on Business Roundtable’s Repudiation of Shareholder Primacy
The New York Law Journal Names Mark Lebovitch Its 2019 “Attorney of the Year"
October 23, 2019
Benchmark Once Again Names Six BLB&G “Litigation Stars”
Benchmark Names Seven BLB&G Partners as Litigation Stars
Chambers Again Ranks BLB&G Nation’s Top Securities Litigation Firm
April 25, 2019