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UFCW Local 1500 Pension Fund v. Mayer et al
Case Number:
5:16-cv-00478
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Firms
Companies
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November 20, 2017
Yahoo Tells 9th Circ. SEC Order Blocks Derivative Suit
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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January 28, 2016
Yahoo Should Be Investment Co., Oust Mayer: Shareholders
Yahoo Inc.'s $32 billion investment in e-commerce giant Alibaba and other holdings make up so much of the company's value that it should register as an investment company, shareholders said in a California federal suit Wednesday aimed at ousting CEO Marissa Mayer and the company's entire board.