The two Detroit pension funds suing Yahoo in Delaware to invalidate its severance plan 'poison pill' have been denied the expedited trial that they asked for ahead of the August 1 stockholders meeting. The plan is supposed to incentivize Google staff to leave if an acquisition were to come off.

Yahoo's directors may be "personally liable" for signing off on a controversial and potentially expensive employee-severance plan, the billionaire investor contends.

Yahoo's board of directors is coming under increasing pressure over an employee severance plan, with shareholders suing the company and demanding a swift trial and the investor Carl Icahn threatening to hold the board "personally liable" for approving it.

Yahoo Inc's board of directors came under increasing pressure over an employee severance plan on Tuesday, with shareholders suing the company demanding a swift trial and investor Carl Icahn threatening to hold the board "personally liable" for approving it.

An employee severance plan put in place by Yahoo to protect workers after a merger with Microsoft could skew the outcome of a proxy battle, a lawsuit says.

Shareholders suing Yahoo Inc's board of directors demanded a trial ahead of the company's August 1 annual meeting to fight an employee severance plan they contend is a barrier to a merger with Microsoft Corp.

Plaintiffs suing Yahoo want a judge to invalidate a severance plan they say Yahoo adopted to sabotage Microsoft's acquisition...

A Yahoo employee severance plan meant to protect workers after a merger with Microsoft should be scrapped, according to a shareholder lawsuit against Yahoo and its directors, The New York Times reported on Tuesday.

Shareholders suing Yahoo Inc's board of directors are seeking a trial before the company's August 1 annual meeting to challenge an employee severance plan they contend is an obstacle to a merger with Microsoft Corp.

An employee severance plan put in place by Yahoo to protect workers after a merger with Microsoft could skew the outcome of a proxy battle, a lawsuit says.