NEW YORK, Jan. 26, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Yahoo! Inc. ("Yahoo" or the "Company") (NASDAQ: YHOO) and certain of its officers, on behalf of shareholders who purchased Yahoo securities between November 12, 2013 and December 14, 2016, inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: http://www.bgandg.com/yhoo4.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
First on September 22, 2016, Yahoo announced that hackers had obtained information in late 2014 on over 500 million Yahoo accounts. Then, on December 14, 2016, after market hours, Yahoo revealed that over 1 billion user accounts were compromised during an August 2013 data breach. After this announcement, Verizon Communications Inc. stated that it would consider amending the terms of its upcoming deal with Yahoo to reflect the impact of the data breach. Following this news, Yahoo stock dropped $2.50 per share or a 6.11% to a close at $38.41 on December 15, 2016.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: http://www.bgandg.com/yhoo4 or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Yahoo you have until March 27, 2017 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | firstname.lastname@example.org
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