Lawyers File New Yahoo Data Breach Settlement, Boosting Its Value to $117.5M
The settlement includes a single fund from which $55 million would be available for out-of-pocket costs and $24 million in identity theft protection for class members. It also includes $30 million in attorney fees and $2.5 million in legal costs, a slight reduction from the original fee request.
April 09, 2019 at 10:26 AM
4 minute read
Attorneys have boosted a class action settlement over Yahoo Inc.'s recent data breaches to $117.5 million after a federal judge rejected preliminary approval of it earlier this year.
The settlement, filed Tuesday with the U.S. District Court for the Northern District of California, includes a single fund from which $55 million would be available for out-of-pocket costs and $24 million in identity theft protection for class members (or $100 payments to those who already have credit monitoring). It also includes $30 million in attorney fees and $2.5 million in legal costs, a slight reduction from the original fee request.
“Following the court's denial of preliminary approval, the parties immediately set about addressing the issues the court identified, re-engineering the resolution of this case,” wrote lead plaintiffs counsel, Tampa, Florida-based John Yanchunis of Morgan & Morgan.
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