Those account holders who paid for a premium email account that costs $20 to $50 annually will be eligible for a 25 percent refund.
The two-year free credit monitoring service from AllClear is available to affected Yahoo account holders. The retail value of the service is $14.95 per month or around $359 for two years.
In a statement, John Yanchunis, the lawyer representing the plaintiffs, said, “We are pleased that we were able to reach a settlement with Yahoo, which would provide relief to impacted users and ensure that Yahoo improves its security practices going forward,”
The settlement agreement is subject to the approval of San Jose Superior Court Judge Lucy Koh. A hearing regarding the matter is set on November 29.
Affected Yahoo account holders will receive notices following the approval of the settlement agreement.
