Judge Rules Against Yahoo Shareholders' Bid For Trial

Law360, New York (June 17, 2008, 12:00 AM EDT) -- The plaintiffs in a lawsuit that seeks to compel Yahoo Inc. to accept a takeover suffered a blow Monday when a Delaware judge declined to set a trial before Yahoo's Aug. 1 annual meeting while announcing his wish to rule on Yahoo's motion to dismiss before that date.

Chancellor William B. Chandler III of the Delaware Court of Chancery denied the motion to set trial date lodged last week by the two Detroit pension funds leading the shareholder class action. “Despite its novel name,” the motion...
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