Yahoo! Data Breach Estimated to Cost Successor Company Net $47 Million

[Destry Winant <destry () riskbasedsecurity com>]

https://www.jdsupra.com/legalnews/yahoo-data-breach-estimated-to-cost-46925/

Altaba Inc., the successor company of Yahoo Inc., recently noted in a
filing with the Securities and Exchange Commission that after its
settlement of consumer and shareholder suits relating to Yahoo’s data
breach that affected all 3 million of its users, it will have paid a
net $47 million in expenses.

This estimate is based upon a tentative agreement to resolve pending
state and federal class action suits, as well as a shareholders
derivative suit, which is on top of a securities class action suit
settlement of $80 million (including $14.4 million in attorneys’ fees)
that recently received final approval from the court. That settlement
has been touted as the largest securities class action in history
involving a data breach.
_______________________________________________
BreachExchange mailing list sponsored by Risk Based Security
BreachExchange () lists riskbasedsecurity com

If you wish to Edit your membership or Unsubscribe you can do so at the following link:
https://lists.riskbasedsecurity.com/listinfo/breachexchange