$20.3M Yahoo data breach class action settlement

Yahoo agreed to pay more than $20 million as part of a class action lawsuit settlement to resolve claims it failed to prevent multiple data breaches between 2013 and 2016.

The Yahoo settlement benefits Canadian residents who had a Yahoo account at any time between Jan. 1, 2012, and Dec. 31, 2016.

According to a class action lawsuit, Yahoo failed to prevent multiple data breaches between 2013 and 2016 due to inadequate cybersecurity measures. Plaintiffs in the case say they suffered damages as a result of the Yahoo data breaches, including fraud, identity theft and the increased risk of both.

Yahoo is an online search engine that provides email, news and other online services.

The company hasn’t admitted any wrongdoing but agreed to pay $20.3 million to resolve the data breach class action lawsuit.

Under the terms of the Yahoo settlement, class members can collect a cash payment based on the damages they experienced as a result of the data breaches. Class members can collect up to $25,000 for documented out-of-pocket costs, up to 25% reimbursement of the cost of advertisement-free or premium email services and up to 25% reimbursement of the cost of Yahoo or Aabaco Small Business services.

Class members who do not claim reimbursement for out-of-pocket expenses can still claim up to five hours of lost time at $25 per hour for each Yahoo data breach for which they received a notice. If the total value of these claims exceed the settlement money set aside for them, class member payments may be reduced on a pro rata basis.

Class members who qualify for these payments may elect to waive their compensation in favor of receiving two years of free credit-monitoring services. These services are valued at $478.

There are no exclusion or objection deadlines listed in the settlement notice.

The settlement was granted final approval on Feb. 9, 2021, in the Ontario Superior Court of Justice and on May 25, 2022, in the Queen’s Bench for Saskatchewan.

To receive settlement benefits, class members must submit a valid claim form by Dec. 27, 2024.

Who’s Eligible

Canadian residents who had a Yahoo account at any time from Jan. 1, 2012, to Dec. 31, 2016

Potential Award

Up to $25,000 in out-of-pocket expenses or credit monitoring services

Proof of Purchase

Documentation of out-of-pocket costs, such as credit card statements, receipts, invoices, etc.

Claim Form

NOTE: If you do not qualify for this settlement do NOT file a claim.

Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Top Class Actions is not a Settlement Administrator). If you don’t qualify for this settlement, check out our database of other open class action settlements you may be eligible for.

Claim Form Deadline

12/27/2024

Case Name

Karasik, et al. v. Yahoo! Inc., et al., Case No. CV-16-566248-00CP, in the Ontario Superior Court of Justice

Final Hearing

03/09/2021

Settlement Website

YahooClassAction.com

Claims Administrator

Yahoo Data Breach Class Action Claims Administrator
c/o RicePoint Administration Inc.
P.O. Box 3355
London, Ontario N6A 4K3
[email protected]
866-808-8075

Class Counsel

Kateryna Galts
CHARNEY LAWYERS PC

Defense Counsel

N/A