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...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!