Yahoo! tries! again! with! $3biiilion! email! account! theft! payout!

www.theregister.co.uk | 4/9/2019 | Staff
gbabii05 (Posted by) Level 3
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The remnants of internet giant Yahoo! are once again in court with hopes of settling the case over their massive 2013 hack that saw every single one of its three billion email accounts pwned.

The company, once known as Jerry and David's Guide to the World Wide Web, has submitted a revised settlement package [PDF] to Judge Lucy Koh in the California Northern US District Court. The settlement, if accepted, would apply to Yahoo's small business and personal email account holders in the US and Israel.

January - Koh - Yahoo - Settlement - Package

Back in January Koh struck down Yahoo's first proposed settlement package, ruling that too much of the payout was being earmarked for attorneys, rather than the three billion customers who had their data fall into the hands of hackers.

While Yahoo! has since been broken up into the brands Altaba and Oath, for the sake of this case the two companies are jointly represented under the Yahoo! banner.

Settlement - Damages - Credit - Monitoring - Class

The revised settlement would see Yahoo! agree to pay $117.5m to cover damages as well as credit monitoring for any of the class action members. Another $30m will be earmarked to cover attorney fees, down from $35m in the ill-fated first...
(Excerpt) Read more at: www.theregister.co.uk
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