When you have a class action, a hundred law firms could get involved. Is each one of their announcements newsworthy? We are "investigating." We are "seeking lead plaintiff." We are "filing lawsuit." Sheesh.
This is nothing more than free advertising for the firms piling into one lawsuit. As I am the proud owner of yahoo stock, I would urge yahoo to charge the firms. Think for just a moment how much it would cost to direct advertising to the particular owners of a particular stock.
oh, do they have money to buy back shares? that would certainly be a surprise if they did have the money since the filings suggest that they do not.
This is not an SEC halt according to the FINRA website. Must be a trading imbalance. It could only be on the sell side, since there is no news to justify buying here.