Monday night, a federal judge rejected a settlement proposed by Yahoo in a class-action suit brought against the company after it failed to report two major data breaches that affected over 3 billion users in 2014 and 2016.
Yahoo’s proposed settlement would have paid out $50 million and provided two years of free credit monitoring services to roughly 200 million people in the US and Israel, according to Reuters.
US District Judge Lucy Koh rejected the settlement on the grounds that Yahoo had never disclosed the total size of the settlement fund or the cost of the credit monitoring services.
“The proposed notice does not disclose the costs of credit monitoring services or costs for class notice and settlement administration, and does not…
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