Loeb and his hedge fund Third Point are now suing Yahoo! and requesting information regarding CEO Scott Thompson's hiring process amid the controversy over Thompson's background.
Last week, Loeb said Thompson did not have the computer science degree from Stonehill College that he claimed on his resume to have. Yahoo! responded by saying it was an inadvertent error. Yahoo!'s board is now looking into the situation following the intense scrutiny over the situation.
The situation came to light last week when Third Point released a press release saying it had found discrepancies on Thompson's resume.Yahoo! shares are higher Monday, up 2.2% to $15.48. Interested in more on Yahoo!? See TheStreet Ratings' report card for this stock. Check out our new tech blog, Tech Trends. Follow TheStreet Tech on your wireless devices. -- Written by Chris Ciaccia in New York >Contact by Email. Follow @Commodity_Bull