YHOO - 20318540

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  • Yahoo strikes $117.5 million data breach settlement after earlier accord rejected
    Reuters

    Yahoo strikes $117.5 million data breach settlement after earlier accord rejected

    The proposed class-action settlement made public on Tuesday was designed to address criticisms of U.S. District Judge Lucy Koh in San Jose, California. Koh said the original settlement was not "fundamentally fair, adequate and reasonable" because it had no overall dollar value and did not say how much victims might expect to recover. Yahoo, now part of New York-based Verizon Communications Inc, had been accused of being slow to disclose three data breaches affecting about 3 billion accounts from 2013 to 2016.

  • U.S. judge rejects Yahoo data breach settlement
    Reuters

    U.S. judge rejects Yahoo data breach settlement

    In a Monday night decision, U.S. District Judge Lucy Koh in San Jose, California, said she could not declare the settlement "fundamentally fair, adequate and reasonable" because it did not say how much victims could expect to recover. Yahoo, now part of New York-based Verizon Communications Inc, was accused of being too slow to disclose three breaches from 2013 to 2016 that affected an estimated 3 billion accounts.

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