In Proposed Agreement, Yahoo Will Pay $117.5 Million To Settle Data Breach Suit

Mealey's (April 9, 2019, 3:22 PM EDT) -- SAN JOSE, Calif. — After the first attempt to settle a consolidated class action against Yahoo Inc. for $50 million was rejected by a California federal judge in January, the plaintiffs bringing suit over a series of data breaches filed a motion April 9 seeking approval of a newly proposed $117.5 million settlement that they say is the largest ever for a data breach suit (In re:  Yahoo! Inc. Customer Data Security Breach Litigation, No. 5:16-md-02752, N.D. Calif.)....