Court Approves Class Action Settlement in RE: YAHOO! Inc.
Zarish Baig of Squire Patton Boggs writes:
Yahoo!’s data breach class action is finally being put to rest. Last month, the Northern District of California approved the proposed $117.5M settlement to resolve the claims of approximately 194 million class members in In re Yahoo! Inc. Customer Data Sec. Breach Litig., No. 16-MD-02752-LHK, 2020 U.S. Dist. LEXIS 129939 (N.D. Cal. July 22, 2020). This approval did not come easily. During several rounds before the Court to obtain settlement approval, the Court pointed out that while “other data breach cases focus on one data breach, the instant case involves multiple data breaches over a period of five years, each of which Yahoo failed to timely disclose.”
Read more on National Law Review.