Yahoo offers $117 million to settle 2016 data breach suit


Yahoo has more than doubled its proposed data breach settlement payout to $117.5 million after having a smaller amount rejected by a California judge in January.

The original $50 million amount was rejected by U.S. District Judge Lucy Koh who said she couldn’t declare the settlement “fundamentally fair, adequate and reasonable” because it did not say how much victims could expect to recover, according to court documents. The settlement would cover at least $55 million for victims’ out-of-pocket expenses and other costs, $24 million for two years of credit monitoring, up to $30 million for legal fees, and up to $8.5 million for other expenses, Reuters reported.

The amount would be used to settle a class action suit brought to compensate the estimated 194 million victims impacted by the data breach that saw almost one billion email addresses compromised during the 2016 incident.

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