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Science and TechnologyScience and Technology 
Tue, July 5, 2011
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Hagens Berman Reminds Investors Who Purchased Yahoo Securities Between April 19, 2011 and May 13, 2011 of Deadline
BERKELEY, Calif.--([ BUSINESS WIRE ])--Hagens Berman, a nationwide class-action law firm, today reminded investors of an August 8, 2011 deadline in a case against Yahoo (Nasdaq: YHOO) arising from Yahooa™s failure, by April 19, 2011, to reveal that Alibaba, a company in which Yahoo had purchased a 43 percent share in 2005, had shifted its e-commerce system, Alipay, to another private company without Yahooa™s authorization. As a result of this failure, those who traded in Yahooa™s securities between the dates of April 19, 2011 and May 13, 2011 (the aclass perioda), may have been harmed by an artificially high stock price.
Investors who purchased or sold securities of Yahoo between the dates of April 19, 2011 and May 13, 2011 (the aclass perioda), and have been damaged, are encouraged to contact the Hagens Berman legal team via email at [ Yahoo@hbsslaw.com ]. Those wishing to join the case as lead plaintiff must move the court by August 8, 2011.
Partner Reed R. Kathrein is leading the firma™s investigation from its San Francisco office and can be reached by phone at 510-725-3000. Additional information is also available at [ www.hbsslaw.com/yahoo ].
The lawsuit was filed in the United States District Court for the Northern District of California. It is based upon Yahooa™s admission that it was informed by March 31, 2011 of the transfer of Alipay. Yet, Yahoo did not mention the transfer in its April 19, 2011, quarterly earnings announcement and did not inform its investors of the change until on or about May 13, 2011.
Hagens Berman is investigating exactly what Yahooa™s management knew on March 31st and why it failed to disclose the transfer when it made positive statements about its business.
About Investor Fraud Practice
Hagens Berman is a nationally recognized investor-rights law firm that provides highly acclaimed fraud recovery and asset protection services to individual and institutional investors. For an in-depth discussion of securities fraud, corporate governance and investor rights, please visit our [ Investor Fraud website ] or our [ Meaningful Disclosure ] blog.
About Hagens Berman
Seattle-based Hagens Berman Sobol Shapiro LLP is one of the top class-action law firms in the nation, with offices in Boston, Chicago, Colorado Springs, Los Angeles, Minneapolis, New York, Phoenix, San Francisco and Washington, D.C. Founded in 1993, we represent plaintiffs in class actions and multi-state, large-scale litigation that seek to protect the rights of investors, consumers, workers and whistleblowers. More information about the firm is available at [ www.hbsslaw.com ].