Posted by & filed under Accounting Information Systems, Accounting Principles, All Articles, Auditing, Cost Accounting, Financial Accounting, Fraud Accounting, Intermediate Accounting, Managerial Accounting, Video Updates.

A U.S. District Judge ordered Yahoo Inc to face a nationwide class-action lawsuit and accused the company of illegally intercepting email content sent to Yahoo Mail subscribers from non-Yahoo Mail accounts. Subsequently, Yahoo used the information to boost advertising revenue.

Questions:
1. Which subscribers and non-subscribers does this class-action allow to file suit?
2. What Acts were violated for subscribers and non-subscribers?
3. What percentage of Yahoo’s advertising revenue was generated in 2014 from these illegal interceptions?
4. According to the article, what are the benefits of filing a class action suit in this case?

Source:

Stempel, J. (2015). Yahoo must face email spying class action: U.S. judge. Reuters – U.S., May 27 (Retrievable online at http://www.reuters.com/article/2015/05/27/us-yahoo-email-classaction-idUSKBN0OC22F20150527)