If you purchased Yahoo! Inc. securities between April 30, 2013 and December 14, 2016, you could get a payment from a class action settlement.
Summary of the Action
This Action involves violations of the federal securities laws against the Defendants. Specifically, Plaintiffs assert claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the “Exchange Act”).
As alleged in the Second Amended Complaint (the “Complaint”), Yahoo formerly provided internet services including, among other things, a web portal, search engine, Yahoo! Mail, Yahoo! News, Yahoo! Finance, sports, advertising, and a microblogging and social networking website, Tumblr.
Plaintiffs allege that, during the Settlement Class Period, the Defendants unlawfully inflated Yahoo’s stock price by making materially false or misleading statements and/or failing to disclose material facts concerning Yahoo’s user data security and data breaches. Plaintiffs further contend that the price of Yahoo securities was artificially inflated as a result of Defendants’ actions and that investors suffered injury as a result of the alleged inflation.
Defendants deny all of these allegations, deny that they made any false or misleading statements, and deny that they engaged in any wrongdoing.
|In re Yahoo! Inc. Securities Litigation, Lead Case No. 17-CV-00373-LHK (N.D. Cal.)
All figures are actual amounts as of April 14, 2020
|% Total Settlement
|Settlement Amount $80 Million
|Method of Notice: By direct first-class mail based on addresses provided by brokers and nominees and publication over the PR Newswire, and on the case website.
Notices Mailed: 802,987
Notices Undeliverable: 19,443 (2.4%)
Claim Forms received: 150,961 (18% of notices mailed)
Damaged shares at end of Class Period in all claims received: 12,368,505,355 (Common), 575,429 (Options)
Number of Opt-Outs: 17 (0.002% of notices mailed)
Number of Objections: 2 (0.001% of notices mailed)
|Payments to Class Members $63.3 Million
|Method of Payment: By check mailed first-class or wire transfer.
Average recovery per claimant: $419.55
Average payment per eligible claimant: $1,359.02
Median payment per eligible claimant: $36.66
Largest payment: $1,923,722.54
Smallest payment: $10.01
Checks not yet cashed: Number (11,549), Value ($20,172,945.88)
|Attorneys' fees awarded $14.4 Million
|Lodestar Multiplier 2.00
|Attorney litigation costs $353,282.72
|Notice and Administrative Costs $2,938,876.38
|Cy Pres $0
How do I obtain more information?
If you would like more information, you may contact the Settlement Administrator by calling toll-free (833) 380-5570, emailing firstname.lastname@example.org or mailing a letter to:
In re Yahoo! Inc. Securities Litigation
c/o JND Legal Administration
P.O. Box 91347
Seattle, WA 98111
A copy of the Notice is available on the Important Documents page. Inquiries should NOT be directed to the Court or the Clerk of the Court.