Yahoo Inc. is seeking to conceal large portions of a shareholder lawsuit alleging the Internet company's board improperly thwarted Microsoft Corp.'s $47.5 billion takeover offer, raising shareholder questions over the motives for the secrecy.

In a letter sent Friday to the judge overseeing the case in Delaware, a lawyer for the shareholders argued Yahoo is trying "to whitewash embarrassing documents" because the company thinks the information will damage the board's efforts to repel a challenge by activist investor Carl Icahn.

Continued at source


There are 6 additional comments
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Quote this comment Reply to this comment #1 Posted by toadeater on 17 May 2008 - 07:09
Carl Icahn... not a very nice fellow.

http://en.wikipedia.org/wiki/Carl_Icahn
Quote this comment Reply to this comment #2 Posted by Airlink on 17 May 2008 - 07:25
And the fight over Yahoo's not-dead-yet body continues. You watch, by the time the dust has settled it'll be sliced up like pie and served to greedy bastards from all over the world.

Mmmm.... pie.....
Quote this comment Reply to this comment #3 Posted by Apple-a-Day on 17 May 2008 - 12:10
Can you see a shareholder revolt against the upper CEO's???
If memory serves me right the lat CEO's are currently not working for Yahoo for ****ing off the investors
(2 replies) Quote this comment Reply to this comment #4 Posted by Alaemon on 17 May 2008 - 13:59
Why is not more been done to stop a hand full of company's running everything if anyone buy out Yahoo its trouble as the only ones with the money are the big boys and they will be taking a player out of the game
Quote this comment #4.1 Posted by billyea on 17 May 2008 - 16:29
Money wise, Yahoo rejected an investment. Stockholders don't care about taking the player out, they care about the premium they can get on their stock. So they're suing.
Quote this comment #4.2 Posted by GP007 on 17 May 2008 - 21:11
Yahoo isn't even a player in the search business anymore, they've managed to take themselves out of the game not some big company buying them. It's either get sold now and make some money while you can or hold out for another year at best and hope you're still in business.

gg yahoo gg.
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