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Big Law

Yahoo settles $3B data breach with $118M payout

Yahoo and plaintiffs, in a case over a data breach affecting three billion user accounts, have agreed to a settlement that would require Yahoo to pay $117.5 million.

The sides previously agreed to a settlement of $50 million plus attorneys’ fees and other expenses, but it was rejected by US District Judge Lucy Koh in January.

Yahoo and the plaintiffs filed their new proposed settlement yesterday in US District Court for the Northern District of California. This one will also face a judge’s review.

Read the source article at Legal News & Business Law News

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