Interclick Founder Sues Yahoo Over Early Termination
Law360, Los Angeles (March 4, 2013, 9:45 PM EST) -- The founder of advertising technology provider Interclick Inc. hit Yahoo Inc. with a lawsuit in New York state court on Monday, saying the search engine giant had promised the entrepreneur employment and other benefits as part of its $270 million acquisition of Interclick, but breached their contract by terminating him a year later.
Yahoo paid $9 per share to acquire Interclick in December 2011, giving California-based Yahoo unique data targeting capabilities and optimization technologies at a time when Yahoo's own digital advertising business was severely underperforming, according to the complaint.
But Interclick founder Michael Katz said Yahoo cheated him out of...
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