Yahoo, which is now owned by Verizon, has agreed to pay $50 million in damages, plus about $35 million in legal fees, under a proposed civil settlement covering data breaches in 2013 and 2014 that impacted three billion Yahoo accounts, according to numerous press reports. 






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SEC

Altaba, which holds Yahoo’s remaining assets following the purchase of the company’s internet assets by Verizon in 2017, said in a filing with the Securities and Exchange Commission that it has reached an agreement in principle to settle consumer class action litigation relating to Yahoo’s disclosures in 2016 and 2017 of data breaches impacting three billion user accounts.






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