Matthew Renda reports:
A federal judge denied approval of a settlement in the Yahoo data breach class action on Monday, saying Yahoo’s refusal to disclose the total amount to be paid out to those affected by the largest data breach in history renders it insufficient.
“The proposed notice does not disclose the costs of credit monitoring services or costs for class notice and settlement administration, and does not disclose the total size of the settlement fund,” U.S. District Judge Lucy Koh wrote in a 24-page ruling. “Without knowing the total size of the settlement fund, class members cannot assess the reasonableness of the settlement.”
Koh’s denial of the settlement comes as no surprise to those who followed the case closely, as the judge badgered both sides with questions during a November hearing and expressed displeasure particularly aimed at the plaintiffs, who she accused of being more concerned about getting paid than investigating how Yahoo allowed hackers gain access to the private data of its customers.
Read more on Courthouse News.
h/t, Joe Cadillic
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