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Yahoo Class Action Settlement: A $50 Million-Plus Sting

Yahoo has agreed to put $50 million in a fund for victims seeking reimbursement of losses linked to the breaches. The settlement fund covers U.S. and Israeli residents and small business account owners that used Yahoo between 2012 and 2016. Yahoo also must pay for credit monitoring services for victims, separate from the $50M settlement fund. The agreement is awaiting final approval by Judge Lucy H. Koh in federal court in San Jose, Calif., in San Francisco. Yahoo is also on the hook for a maximum of $35 million in attorneys’ fees and up to $2.5 million in other costs.”]

Source: https://www.govinfosecurity.com/yahoo-class-action-settlement-50-million-plus-sting-a-11635

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