Yahoo! Inc. March 15 obtained preliminary approval to pay up to $4 million in attorneys’ fees and costs and change how it handles e-mail traffic to settle class allegations that it mined e-mails to target advertising (In re Yahoo Mail Litig., N.D. Cal., 5:13-cv-04980-LHK, preliminary approval of class settlement 3/15/16).
Judge Lucy H. Koh of the U.S. District Court for the Northern District of California scheduled an Aug. 25 final approval hearing.
Although under increasing pressure from shareholders to demonstrate profitability as it contracts its overall operations, Yahoo still ranks as the third largest e-mail service in ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.