Yahoo Reaches $117.5 Million Settlement for Largest Data Breach

Yahoo has struck a revised $117.5 million settlement with millions of people whose email addresses and other personal information were stolen in the largest data breach in history. The proposed class-action settlement was designed to address criticisms of U.S. District Judge Lucy Koh in San Jose, who said the original settlement was not “fundamentally fair, adequate and reasonable” because it had no overall dollar value and did not say how much victims might expect to recover.