SAN DIEGO, March 23, 2017 /PRNewswire/ -- Shareholder Rights Law Firm Johnson & Weaver, LLP (J&W) announces the filing of a class action lawsuit on behalf of purchasers of Yahoo! Inc. (NASDAQ: YHOO) between November 12, 2013 and December 14, 2016, both dates inclusive (the "Class Period"). The lawsuit seeks to recover damages for Yahoo investors under the federal securities laws.
On September 22, 2016, Yahoo disclosed that hackers stole information in late 2014 on more than 500 million user accounts. This news drove the price of Yahoo shares down more than 3 percent. Then, on December 14, 2016, Defendants revealed that in August 2013 hackers stole information on more than 1 billion user accounts. Following this news, the price of Yahoo shares was down more than 6 percent.
Subsequently, on January 23, 2017, The Wall Street Journal reported that the U.S. Securities and Exchange Commission had opened an investigation into the timing of Yahoo's disclosures regarding the data breaches.
If you wish to serve as a lead plaintiff, you must move the Court no later than March 27, 2017. If you wish to discuss this action, have any questions concerning this notice, or your rights or interests, please contact lead analyst Jim Baker (firstname.lastname@example.org) at 619-814-4471. If you email, please include your phone number. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice or may choose to do nothing and remain an absent class member.
Plaintiff seeks to recover damages on behalf of all purchasers of Yahoo's common stock during the Class Period. Those investors buying stock during the Class Period and losing money are encouraged to contact the firm.
About Johnson & Weaver, LLP:
Johnson & Weaver, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonandweaver.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson & Weaver, LLP
Jim Baker, 619-814-4471
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SOURCE Johnson & Weaver, LLP