The parties to the class action originally agreed to a $50 million deal plus legal and other expenses, but it was rejected in January by U.S. District Judge Lucy Koh. They came up with a comparison of $117.5 million in April and obtained interim authorization from Koh. Yahoo has agreed to pay for a resolution fund of $117.5 million, including legal fees of up to $30 million. The settlement class includes all residents of the United States and Israel, as well as small businesses with Yahoo accounts, which includes a maximum of 896 million accounts and 194 million people. Yahoo stated that if you had an account between January 1, 2012 and December 31, 2016 and you reside in the United States or Israel, you are part of the settlement class and you can claim a portion of the $117,500,000 compensation fund. In the case of Yahoo, a complaint was filed. The claims review process has been closed, while the appeal to the 9th Circle is informed and tried by the Court of Appeal. This website will be updated if this happens.
The court gave final authorization to the transaction on Yahoo!`s class action and entered its judgment on July 22, 2020. In the settlement approval order, the court also awarded legal fees, fees and service bonuses to class representatives who filed the action on behalf of the class. Please visit the following links for details on final approval and judgment: Second amended final approval and modified toll order Verdict.pdf If approved, the proposed transaction will be the dispute with title In re: Yahoo! Inc. Customer Data Security Breach Litigation, Case No. 16-md-02752-LHK (N.D. Cal.), before Judge Lucy H. Koh in the Northern District of California , and Yahoo! Inc. Private Information , JCCP 4895, before Justice Glenda Sanders in Orange County Superior Court. The Court of Justice must decide whether the transaction is definitively approved.
No credit monitoring services are provided and no payments are made until the transaction is final. The process of authorizing the class action regime can take more than a year. You can submit if you had a Yahoo account located in the United States or Israel between January 1, 2012 and December 31, 2016. You can either monitor the credit or use fresh and hard money. As with other reclamation of the class data breach, although, there are some things too, ahem, make sure you make sure you maximize your payment.