Yahoo on Wednesday said it plans to ask the court to dismiss an amended shareholders lawsuit and noted it would also oppose the plaintiffs' motion to seek a speedy trial to invalidate its employee severance plans.
In its filing to Delaware Chancery Court Chancellor William Chandler, Yahoo states:
We strongly disagree with Plaintiff's statements made in support of their Motion for a Trial Date (and supplemental letter) in connection with Yahoo!'s Change in Control Employee Severance Plans. It is obvious that Plaintiffs devoted much time in preparing their submissions in support of the Motion. We intend to oppose … Read more