Altaba to settle lawsuits relating to Yahoo data breach for $47 million

Altaba to settle lawsuits relating to Yahoo data breach for $47 million

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/09/17/altaba-to-settle-lawsuits-relating-to-yahoo-data-breach-for-47-million/

Altaba, the holding company of what Verizon left behind after its acquisition of Yahoo, said it has settled three ongoing legal cases relating to Yahoo’s previously disclosed data breaches.

In a Monday filing with the Securities and Exchange Commission, the former web giant turned investment company said it has agreed to end litigation for $47 million, which the company said will “mark a significant milestone” in cleaning up its remaining liabilities.