More shareholders sue Yahoo board
3,471 views February 27th, 2008 by Rich Media InfoThe latest suit filed by two investment funds from Detroit accuses Yahoo’s board of adopting a “Just say no to Microsoft” approach that has led to “improper defensive measures” and negotiations with other firms that would be “destructive to shareholder value”.
Yesterday, lawyers asked the courts to consolidate the suit with several previous cases that all aim to prosecute Yahoo’s board for not acting in the interests of shareholders.




