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Yahoo Sued for Spurning Microsoft

Posted by ScuttleMonkey on from the getting-hit-from-all-sides dept.

tuxgeek writes "In the continuing saga of Yahoo resisting a Microsoft buy out, Yahoo is now being sued by its shareholders. 'Two Detroit pension funds have sued Yahoo Inc. and its board of directors, saying they breached their duties to shareholders in trying to thwart a takeover by Microsoft Corp. The lawsuit was filed in Delaware Chancery Court on Thursday by lawyers representing Detroit's police and fire retirement system and general retirement system, as well as 'all other similarly situated public shareholders.'"

1 of 284 comments (clear)

  1. speculation tax by Anonymous Coward · · Score: 0, Flamebait

    ##n Germany for example you have to pay income tax if you sell shares which you held for less than one year.##

    In the US your tax preparer calls it short term capital gains, taxed at ordinary rate. To get the long term at 15%, you hold it at least @@ta-da@, a whole year. In addition, house flippers usually don't qualify for the 15% because it's their business not an investment. And most of the stuff gold-bugs buy turns out not to be an investment but a collectible taxed at 28%.

    But thanks for playing Mr. Uninformed Obama voter. Keep talking out of your ass.