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.

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.

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.

InformationWeek - Investors suing Yahoo over its rebuff of Microsoft's $47.5 billion buyout bid have filed a new case that adds company co-founder David Filo as a defendant.

Investors suing Yahoo Inc over its rebuff of Microsoft Corp's $47.5 billion buyout bid have filed a new case that adds company co-founder David Filo as a defendant, but they say much of their complaint is being kept under seal at Yahoo's demand.

Shareholders suing Yahoo Inc. for its alleged mishandling of Microsoft Corp.’s acquisition offer requested a hearing Friday to address what they say are the company’s attempts to wrongfully conceal “unflattering” details of the failed merger talks.

InformationWeek - Investors suing Yahoo over its rebuff of Microsoft's $47.5 billion buyout bid have filed a new case that adds company co-founder David Filo as a defendant.

Investors suing Yahoo Inc over its rebuff of Microsoft Corp's $47.5 billion buyout bid have filed a new case that adds company co-founder David Filo as a defendant, but they say much of their complaint is being kept under seal at Yahoo's demand.