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You must submit the settlement "Proof" form attached below, in order to participate in this settlement. There is a strict deadline of July 22, 2020 by which all claims must be submitted. The instructions for submitting are included in the "Proof" and the "Notice" files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, INC.
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To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Lawsuit Overview
Settlement Overview
You must register to view and download the Settlement Notice and Settlement Proof.
June 26, 2020 - The court granted final approval of the settlement and entered final judgment.
February 25, 2020 - The court preliminarily approved the settlement.
February 12, 2020 - A stipulation and agreement of settlement was entered by the parties.
January 28, 2019 - The court granted in part and denying in part the defendants' motion to dismiss.
June 7, 2018 - A motion to dismiss the consolidated complaint was filed.
January 28, 2019 - The court granted in part and denying in part the defendants' motion to dismiss.
June 7, 2018 - A motion to dismiss the consolidated complaint was filed.
April 23, 2018 - A consolidated complaint was filed.
September 11, 2017 (Shareholders Foundation) - An investor in shares of Equifax Inc. (NYSE:EFX) filed a lawsuit in the U.S. District Court for the District Court for the Northern District of Georgia over alleged violations of Federal Securities Laws by Equifax Inc. February 25, 2016 and September 7, 2017.
According to the complaint the plaintiff alleges on behalf of purchasers of Equifax Inc. (NYSE:EFX) common shares between February 25, 2016 and September 7, 2017, that the defendants violated Federal Securities Laws.
More specifically, the plaintiff claims that between February 25, 2016 and September 7, 2017, the Defendants issued materially false and/or misleading statements and/or failed to disclose that Equifax Inc failed to maintain adequate measures to protect its data systems, that Equifax Inc failed to maintain adequate monitoring systems to detect security breaches, that Equifax Inc failed to maintain proper security systems, controls and monitoring systems in place, and that as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times. Equifax Inc. reported that its annual Total Revenue rose from over $2.66 billion in 2015 to over $3.14 billion in 2016 and that its Net Income increased from $429.10 million in 2015 to $4888.80 million in 2016. Shares of Equifax Inc. (NYSE:EFX) grew from $111.54 per share in late 2016 to as high as $146.26 per share in August 2017.
On September 7, 2017, post-market, Equifax Inc announced that criminals had exploited a website application vulnerability to gain access to the private information of approximately 143 million U.S. consumers between mid-May and July 2017.
Shares of Equifax Inc. (NYSE:EFX) declined on September 11, 2017 to as low as $11.419 per share.