Shareholder lawsuit to expose Yahoo severance plan?
Judge may decide to unseal portions of an amended shareholder complaint, potentially offering new light on the company's controversial employee severance program.
A Delaware Chancery Court judge may decide within a week or two whether to unseal portions of an amended shareholder complaint against Yahoo, following a conference call with the parties on Tuesday.
The initial complaint centers on.
Yahoo seeks to keep information gathered in the discovery process and depositions sealed, while the plaintiffs want it unsealed. A conference call was held Tuesday to discuss the redactions Yahoo made on the amended complaint.
A copy of the transcripts may become available shortly, according to lawyers involved in the case. But whether, and to what degree, portions of the transcript will be redacted has yet to be seen.
One of the issues, according to David Margules, a partner at Bouchard, Margules & Friedlander, and co-counsel for the plaintiffs, centers on how Yahoo responded internally when Microsoft made its bid, establishing a poison pill" that makes a buyout of Yahoo more expensive.. The shareholders characterized the severance program as a de facto "