SAN FRANCISCO, Feb. 09, 2017 -- Hagens Berman Sobol Shapiro LLP reminds investors in Yahoo! Inc. (NASDAQ:YHOO) of the March 27, 2017 Lead Plaintiff deadline in the pending securities class action lawsuit concerning data breach disclosures to investors.
If you purchased or otherwise acquired securities of YHOO between November 12, 2013 and December 14, 2016 and suffered losses contact Hagens Berman Sobol Shapiro LLP. For more information visit:
https://www.hbsslaw.com/cases/YHOO
or contact Reed Kathrein, who is leading the firm’s investigation, by calling 510-725-3000 or emailing [email protected].
On September 22, 2016, Defendants disclosed that hackers stole information in late 2014 on more than 500 million user accounts. This news drove the price of Yahoo shares down over 3%. Then, on December 14, 2016, Defendants disclosed that in August 2013 hackers stole information on more than 1 billion user accounts. This news drove the price of Yahoo shares down over 6%.
More recently, the Wall Street Journal reported that the SEC has opened an investigation into the timing of Yahoo’s disclosures regarding the data breaches, stating “The SEC requires companies to disclose cybersecurity risks as soon as they are determined to have an effect on investors.”
“We’re evaluating management’s knowledge of both security incidents and when disclosures should have been made to investors,” said Hagens Berman partner Reed Kathrein.
Whistleblowers: Persons with non-public information regarding Yahoo! Inc. should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new SEC whistleblower program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 510-725-3000 or email [email protected].
About Hagens Berman
Hagens Berman is a national investor-rights law firm headquartered in Seattle, Washington with offices in 10 cities. The Firm represents investors, whistleblowers, workers and consumers in complex litigation. More about the Firm and its successes can be found at www.hbsslaw.com. For the latest news visit our newsroom or follow us on Twitter at @classactionlaw.
Contact: Reed Kathrein, 510-725-3000


Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028
Bill Ackman Eyes New Fund to Bet Against Market Complacency
Kia Cuts EV Sales Target for 2030 Amid Slowing Demand and U.S. Policy Shifts
MATCH Act: How New U.S. Chip Legislation Could Freeze China's Semiconductor Ambitions
SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20
Pony.ai, Uber, and Verne Launch Europe's First Commercial Robotaxi Service in Zagreb
Rio Tinto's California Boron Assets Attract Over a Dozen Bidders, Valued at Up to $2 Billion
China's AI Stocks Surge as Zhipu and MiniMax Hit Record Highs
BHP's Incoming CEO Visits China Amid Pricing Dispute with CMRG
Pilots Fear Retaliation for Refusing Middle East Flights Amid Ongoing Conflict
TSMC Posts Strong Q1 2025 Revenue, Riding AI Chip Demand Wave
U.S. Automakers Push Back Against EU Rules Blocking American Trucks from European Market
Abbott Laboratories Ordered to Pay $53 Million in Premature Infant Formula Lawsuit
OpenAI Addresses Security Vulnerability in macOS App Certification Process
Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth
Anthropic Fights Pentagon Blacklisting in Dual Federal Court Battles 



