The company formerly known as Yahoo Inc. has agreed to pay $35 million to settle SEC claims that it misled investors about a 2014 data breach that affected more than 500 million of its user accounts.

Yahoo employees learned of the breach of users’ data, including usernames, birth dates and telephone numbers, in late 2014, but didn’t disclose anything about it until after the 2016 announcement that the company’s operating assets would be acquired by Verizon Communications Inc., according to the U.S. Securities and Exchange Commission.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]