April 9 (Reuters) - Yahoo has struck a revised $117.5 million settlement with thousands and thousands of individuals whose e mail addresses and different private info were stolen in the largest information breach in historical past. The proposed class-action settlement made public on Tuesday was designed to handle criticisms of U.S. District Judge Lucy Koh in San Jose, California. She rejected an earlier version of the accord on Jan. 28, and her approval remains to be required. Koh stated the unique settlement was not "essentially truthful, sufficient and affordable" as a result of it had no overall dollar value and did not say how a lot victims might anticipate to get well. She additionally said the legal charges appeared to be too high. The new settlement contains not less than $55 million for victims' out-of-pocket bills and other costs, $24 million for two years of credit score monitoring, up to $30 million for authorized fees, and up to $8.5 million for different expenses. It covers as many as 194 million people in the United States and Israel with roughly 896 million accounts.
Search for groups by tag
Featured groups