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Judge orders Yahoo investor lawsuit made public
Venture Business News |
2008/06/03 09:08
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An investor lawsuit against Yahoo Inc's board over its rebuff of Microsoft Corp's $47.5 billion buyout bid was made public by a judge on Monday who said that Yahoo had not shown good reason to keep it confidential. A copy of the unsealed complaint, and a letter from Delaware Chancery Court Judge William Chandler explaining his decision, were posted on the Web site of law firm Bernstein Litowitz Berger & Grossmann LLP, which represents investors in the case. "I conclude that defendants have not satisfied their burden to show good cause for the continued filing of the portions of the complaint under seal," the judge wrote. |
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Class action or a representative action is a form of lawsuit in which a large group of people collectively bring a claim to court and/or in which a class of defendants is being sued. This form of collective lawsuit originated in the United States and is still predominantly a U.S. phenomenon, at least the U.S. variant of it. In the United States federal courts, class actions are governed by Federal Rules of Civil Procedure Rule. Since 1938, many states have adopted rules similar to the FRCP. However, some states like California have civil procedure systems which deviate significantly from the federal rules; the California Codes provide for four separate types of class actions. As a result, there are two separate treatises devoted solely to the complex topic of California class actions. Some states, such as Virginia, do not provide for any class actions, while others, such as New York, limit the types of claims that may be brought as class actions. They can construct your law firm a brand new website and help you redesign your existing law firm site to secure your place in the internet. |
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