YAHOO! INVESTIGATION INITIATED BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Investigates Yahoo! Inc. for Possible Securities Fraud - YHOO

NEW ORLEANS--(BUSINESS WIRE)--

Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC ("KSF"), announces that KSF has commenced an investigation into Yahoo! Inc. YHOO.

On December 14, 2016, Yahoo disclosed that an unauthorized third party stole data associated with more than one billion user accounts in August 2013. The stolen user account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (using MD5) and, in some cases, encrypted or unencrypted security questions and answers. Yahoo further stated that it has not been able to identify the intrusion associated with this theft, but that it believes this incident is likely distinct from the hacking incident it disclosed on September 22, 2016.

On this news, the price of Yahoo's shares plummeted.

If you purchased Yahoo's shares between July 25, 2016 and December 15, 2016 and have suffered losses, you may, without obligation or cost to you, call toll-free at 1-877-515-1850 or email KSF Managing Partner Lewis Kahn (lewis.kahn@ksfcounsel.com).

About Kahn Swick & Foti, LLC

KSF, whose partners include the Former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.

To learn more about KSF, you may visit www.ksfcounsel.com.

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