An anonymous reader quotes a report from TechCrunch: 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. The deal is subject to court approval, which attorneys for both sides asked the court to approve the deal within 45 days, according to a filing submitted Friday. One of the data breaches occurred in mid-2013, where data on all of the company’s three billion users was stolen. The other breach occurred a year later and resulted in 500 million accounts being stolen, including email addresses and passwords.

Read more of this story at Slashdot.

Source: Slashdot – Altaba To Settle Lawsuits Relating To Yahoo Data Breach For Million