A lawyer for Yahoo shareholders says Yahoo is seeking to conceal large portions of a suit alleging the company's board improperly thwarted Microsoft's $47.5 billion takeover offer. In a letter sent Friday to the judge overseeing the case, the lawyer argued that Yahoo is trying "to whitewash embarrassing documents" because the company thinks the information will damage the board's efforts to repel a challenge by activist investor Carl Icahn.
Yahoo Seeks to Conceal Parts of Shareholder Suit, Says Lawyer
The Associated Press
May 19, 2008