Yahoo! has reached a settlement to pay $117.5 million to all people whose email addresses and personal information were stolen due to a leak.
The proposed settlement, which was made public on Tuesday 9, was designed to address the criticisms of Judge Lucy Koh, who rejected the previous settlement made on 28 January.
Koh said that the original settlement was neither fair, nor adequate, nor reasonable because it did not have an overall dollar value. She also said that the legal fees seemed to be too high.
Yahoo!, now part of Verizon Communications Inc, was accused of delaying the disclosure of three data breaches affecting about 3.000 million accounts since 2013 until 2016.
John Yanchunis, un abogado de los demandantes, en un expediente judicial llamó a los $117.5 millones el “fondo común más grande jamás obtenido en un caso de filtración de datos”.
On the other hand, Verizon acordó gastar $306 millones entre 2019 and 2022 en seguridad de la información, cinco veces lo que Yahoo! gastó de 2013 to 2016. También prometió cuadruplicar la dotación de personal de Yahoo! en esa área.
Verizon afirma que estos gastos se realizan por la importancia que tiene la seguridad para ellos.
Yahoo! acordó en julio de 2016 vender su negocio de internet a Verizon por $5.000 Million. Justo después, reveló el alcance de las filtraciones, lo que provocó un recorte de precios de $4.500 Million.