On or around 02/25/2020 (Settlement preliminarily approval)
Filing Date: September 08, 2017
According to the law firm press release, the lawsuit alleges that throughout the class period Defendants issued materially false and/or misleading statements and/or failed to disclose that: (1) the Company failed to maintain adequate measures to protect its data systems; (2) the Company failed to maintain adequate monitoring systems to detect security breaches; (3) the Company failed to maintain proper security systems, controls and monitoring systems in place; and (4) as a result of the foregoing, the Company’s financial statements were materially false and misleading at all relevant times.
On January 10, 2018, the Court issued an Order Consolidating Cases. The Consolidated Cases shall be identified as: "in re Equifax Inc. Securities Litigation."
On February 21, 2018, the Court issued an Order appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated Complaint on April 23. Defendants filed a Motion to Dismiss the consolidated Complaint on June 7. On January 28, 2019, the Court issued an Order granting in part and denying in part Defendants' Motion to Dismiss. Plaintiffs filed a Motion for Class Certification on March 29. On January 17, 2020, the Court issued an Order denying Plaintiffs' Motion for Class Certification. On February 12, the parties entered into a Stipulation and Agreement of Settlement. The Court granted preliminary approval of the Settlement on February 25.
Company & Securities Information
Defendant: Equifax Inc.
Industry: Consumer Financial Services
Headquarters: United States
Ticker Symbol: EFX
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.