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Back Assward Yahoo! Class Action Lawsuits

Started by WealthBoy · 10 months ago

Class action lawsuits made by shareholders typically take place after the stock price of a company has dropped significantly. The lawsuits are filed in hopes to find some restitution for losses. Unfortunately, by the time a class action suit is filed, the damage has already been done and rarel ... Continue reading »

2 comments

  • While I think that Yahoo was stupid to not to take the offer, I don't see the point of the lawsuits. Didn't the stock go up to around 31? At that point, why not just sell your Yahoo shares and either buy Microsoft ones or move on? The only people who might have a claim are those who were in lockout periods and couldn't sell for whatever reason.
  • It never quite made it to $31 and topped out around $30. I do agree that it would make sense to just sell at the top or as close to the top as you can, and be done with it. However, if a shareholder class action suit ever did make sense, maybe this one did?

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