Yahoo Investor Wants Docs Unsealed For Proxy Fight

Law360, Wilmington (March 16, 2012, 6:24 PM EDT) -- Seeking ammunition for an upcoming proxy battle with Yahoo Inc., hedge fund investor Third Point LLC asked a Delaware court Thursday to unseal documents from a 2008 shareholder suit against the troubled Internet giant.

A day after informing Yahoo that it would offer four board nominees to shareholders within a week, Third Point moved to block Yahoo’s bid to keep court records under wraps in a Delaware Chancery Court suit that faulted the board for Microsoft’s failed $50 billion bid for Yahoo in 2008.

The hedge...
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