Harwood Feffer LLP Announces an Investigation
of Yahoo! Inc.
June 13, 2011 11:23 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--Harwood Feffer LLP announces that it is investigating Yahoo! Inc.
("Yahoo" or the "Company") (NASQAQ: YHOO News) concerning potential breaches of fiduciary duty and other
violations of law by certain officers and directors of the Company.
The Company recently announced that its $1 billion investment in a strategic partnership in Alibaba Group, China's
largest e-commerce company, was likely to be severely impaired by the misappropriation of one of Alibaba's most
valuable assets, Alipay, an e-commerce payment system, by Alibaba's Chairman Jack Ma. More specifically, Alipay
was sold to a company controlled by Ma for only $46 million when it was recently valued at approximately $5
Yahoo's shares declined by over 10% on this news. It has been reported that Yahoo's officers and directors were
aware of Ma's plan to misappropriate Alipay from Alibaba, failed to prevent it and then concealed it from Yahoo
shareholders for six months.
If you own Yahoo stock and would like to learn more about your rights as a shareholder, please contact the
Harwood Feffer LLP website (http://www.hfesq.com) or Peter W. Overs, Jr., directly, at firstname.lastname@example.org to ask
any questions you may have in that regard.
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in
numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for
more information about the firm.
Attorney Advertising. © 2011 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood
Feffer LLP (www.hfesq.com).Prior results do not guarantee or predict a similar outcome with respect to any future
Harwood Feffer LLP
Peter W. Overs, Jr., 212-935-7400