Yahoo Lawsuits Hit Seven
According to Reuters, four of the lawsuits were filed in the California Superior Court and three were filed in the Delaware Chancery Court.
Yahoo said in a statement to the SEC that they “do not believe, based on current knowledge, that any of the foregoing legal proceedings or claims are likely to have a material adverse effect on our financial position.”
Yahoo is obviously confident of a positive outcome, however seven separate lawsuits would indicate that others may disagree.
See our previous coverage of Yahoo lawsuits here and here.