February 10, 2017
A California federal judge on Friday told a pension fund that he did not have the authority to revoke an exemption granted to Yahoo by the U.S. Securities and Exchange Commission that excepted the tech giant from registering as an investment company and, for the second time, dismissed its shareholder derivative suit.
October 19, 2016
Yahoo beat a pension fund's accusations that the technology giant has been illegally operating as an investment company after a California federal judge ruled Wednesday that a 16-year-old pact with the U.S. Securities and Exchange Commission trumped the investors' claims.
June 14, 2016
Yahoo said Friday that a 16-year-old pact with the U.S. Securities and Exchange Commission exempting the technology company from registering as an investment company defeats claims in a California federal suit aimed at ousting CEO Marissa Mayer and the company's entire board.