Equifax Data Breach Revelation Spawns Lawsuits

, Daily Report


Instead of notifying more than 143 million people of a breathtaking data breach that potentially compromised personal and financial information in their credit files, Equifax executives were selling their stock, one of two federal class action lawsuits filed Thursday against the company claims.

This premium content is reserved for New York Law Journal subscribers.

Continue reading by getting started with a subscription.

Already a subscriber? Log in now

What's being said

  • Adam Taylor

    Equifax should have to provide credit monitoring for life. That isn‘t too harsh a penalty for them. I mean...their business and reason for existence is to monitor people‘s credit. How much of a stretch is it to require them to send people a letter/email/text every time a new account shows up in their profile?

  • Pat

    @Lester Bullock - Where do you get "Billions" from? Never heard of a law firm getting billions with a "B."

  • Pat

    EVERY TIME a credit reporting agency is guilty of some egregious act in their failure to safeguard our information, our courts permit then to settle with the consumers by giving us the GRAND BENEFIT of credit monitoring for a whole freakin‘ year. But let me get this straight. Equifax allowed the thieves to get millions of consumers‘ information and probably pass it on to millions of other thieves and it‘s impossible for the thieves to give our information back. After a year, THEY STILL HAVE OUR INFORMATION !! They have it forever. So why the heck is a year of the credit bureau‘s own monitoring any solution or punishment? That‘s the dumbest sh** in the world. These law firms and courts don‘t care about the consumers. Why would the law firm even agree to such nonsense? So, the thieves can just sit back and wait out the year and then go to town. Or else after that free year, we now must pay the cost of credit monitoring for life due to Equifax bad business systems. You gotta hate this country and what it stands for.

  • Lester Bullock

    Well well well, it seems the consumer gets screwed again but the attorneys make a nice FAT fee. So if the Home Depot settlement was $27 million and the attorneys got $7.5 of that then Barnes‘ firm stands to make in excess of $18 billion. Folks that is BILLION with a B. The best path to follow is NOT have any credit cards and pay for those items needed with cash. Our credit structure is that if you have no credit cards you have a low credit score. Time to change things those without credit card debt should be rewarded with a higher score.

Comments are not moderated. To report offensive comments, click here.

Preparing comment abuse report for Article #1202797606527

Thank you!

This article's comments will be reviewed.