Dissolving Yahoo Successor Must Keep $800 Million for Data Suit

Altaba Inc., successor entity to the former Silicon Valley giant Yahoo Inc., must retain $800 million as it dissolves to cover the maximum damages it could face in connection with a Canadian data breach class action, a Delaware judge ruled.

Vice Chancellor J. Travis Laster set the amount in a post-trial ruling for Delaware’s Chancery Court, citing Altaba’s agreement to split any data breach damages with Verizon Communications Inc., which later bought and resold the Yahoo business through…