Approval Of $50 Million Settlement In Yahoo Data Breach Class Action Denied

Mealey's (January 31, 2019, 10:17 AM EST) -- SAN JOSE, Calif. — A California federal judge on Jan. 28 denied a motion to preliminarily approve a proposed $50 million settlement of a consolidated class action over multiple data breaches experienced by Yahoo! Inc., citing six bases for denial, including inadequate disclosure and a lack of transparency (In re:  Yahoo! Inc. Customer Data Security Breach Litigation, No. 5:16-md-02752, N.D. Calif., 2019 U.S. Dist. LEXIS 13410)....