Valleywag
Yahoo shareholders have asked Microsoft's former nominees for the Yahoo board to consider joining a new alternative slate for Yahoo's annual shareholder meeting on July 3. But Thursday's nomination deadline makes it unlikely that CEO Jerry Yang and the board will face a proxy fight for control over the company. Instead, Yang and his fellow directors are likely to get new lawsuits — in addition to the 10 already filed. Angry shareholders "should contact us. We are trying to represent them," Mark Lebovitch, a partner at law firm Bernstein Litowitz Berger & Grossmann LLP, told the Sydney Morning Herald. "If there are large shareholders who want to express to the board the view that they failed in their duties, we are the people to call." Gee, what's wrong with email?
Out of time for a proxy fight, Yahoo shareholders turn to lawsuits
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10:00 AM on Tue May 13 2008
By Nicholas Carlson
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1 comment
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What comes around goes around. This will teach yahoo a lesson as they continue to send out nasty "patent troll" letters to every start-up in the ad or search business. Got get 'em, shareholders! Yipee!
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