Yahoo Gets Hit With The Backlash
In the wake of the failed merger talks between Microsoft and Yahoo the Los Angeles Times quotes Professor Michael Klausner regarding the threat of lawsuits:
Stanford law professor Michael Klausner said the board had no legal exposure. "It's more smoke than fire," Klausner said.
But he added, "Yahoo will have to revive its stand-alone value. If that works, shareholders will be happy. If it doesn't, Microsoft will be back."