We previously wrote about the Yahoo data breaches, subsequent class action pending in California, and the company’s estimate of potential settlement costs. Based on the Plaintiffs’ recent Motion for Preliminary Approval of Class Action Settlement, filed on October 22, 2018, the parties have tentatively agreed to settle the case for $50,000,000 in settlement funds, $35,000,000 in attorneys’ fees, and $2,500,000 in expenses. Additionally, class members will be able to avail themselves of various credit monitoring services, and the class representatives who filed the action will be entitled to between $7,500 and $2,500 each, exclusive of the settlement funds, depending on the nature of their involvement. The settlement would apply to both the pending federal class action—before District Judge Lucy H. Koh—and similar state court litigation.
Continue Reading Parties Seek to Settle Yahoo Data Breach Class Action for $50M
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Plaintiffs Seek Class Certification in Yahoo Data Breach Class Actions
By William Daley on
Posted in Data Breach
We previously noted that in late 2016, Yahoo disclosed that it had experienced multiple data breaches relating to what turned out to be roughly three billion of its accounts. At that time, the initial breach, which was reported in September of 2016, had already resulted in several proposed class action complaints. Now, United States District…