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Yahoo Tells 9th Circ. SEC Order Blocks Derivative Suit

By Darcy Reddan (November 20, 2017, 2:12 PM EST) -- Yahoo Inc. shouldn't have to face a shareholder derivative suit alleging that it failed to register as an investment company once its Alibaba Group Holding Ltd. stake outweighed its internet business, it told the Ninth Circuit on Friday, saying that an exemption order by the U.S. Securities and Exchange Commission cannot be reviewed by the court....

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