Settlement proposed in Yahoo data breach securities litigation

Judy Greenwald reports:

An $80 million settlement has been proposed in a securities class litigation filed in connection with Yahoo Inc. data breaches in 2013 and 2014.

The proposed settlement in In re Yahoo Inc. securities litigation, filed in U.S. District Court in San Francisco on Friday, was publicized Monday.

In December 2016, Yahoo announced a 2013 breach affecting 1 billion accounts. And in March 2017, the United States charged two Russian intelligence agents and two hackers with masterminding a separate 2014 theft of 500 million Yahoo accounts.

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