Yahoo Doesn't Owe Bonuses To Interclick Founder

Law360, New York (August 7, 2013, 6:08 PM EDT) -- A New York state judge said Wednesday that while she wasn't happy with how Yahoo Inc. fired the founder of digital marketing software company Interclick Inc., which Yahoo bought for $270 million, the entrepreneur still wasn't entitled to a $4.5 million bonus.

Judge Barbara R. Kapnick said during a hearing that the language of a contract Interclick founder Michael Katz signed after the 2011 acquisition closed while he was working for Yahoo was clear: He can't cash in on an up to $4.5 million retention bonus unless he was employed at Yahoo on the day the bonus was due. He was...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!