Yahoo Breach Settlement Riddled With Problems, Court Says

Yahoo! Inc. and customers will have to renegotiate their $50 million class settlement resolving data breach claims after a federal court denied preliminary approval Jan. 28.

The court identified six problems with the deal. “Any of these bases would be sufficient to deny the motion for preliminary approval,” Judge Lucy H. Koh wrote for the U.S. District Court for the Northern District of California.

The settlement would end consumer class claims for everyone who had a Yahoo account from 2012 to 2016, when the company was hit with multiple data breaches.

Yahoo has settled three other actions arising from ...