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Equifax Data Breach Leads to Securities Litigation Settlement
February 26, 2020

Settlement Fund: $149 Million

Class Period: 2/25/2016 – 9/15/2017

Class Description: all persons and entities who purchased or otherwise acquired publicly-traded Equifax common stock during the period from February 25, 2016 through September 15, 2017, and who were damaged thereby.

Claim Filing Deadline: July 22, 2020

It was almost inevitable, maybe even a truism of class action law—an event-driven scandal and market collapse leads to a hefty securities settlement. Consumer credit agency Equifax is now following up last year’s $650 million data breach consumer settlement with a related securities litigation fund. Investors claimed that the now infamous data breach, which affected 143 million Americans, drove down stock prices—eventually by almost 36%. Investors in Equifax common stock during the class period are eligible to participate in the $149 million settlement. 

This litigation is one of several 9-digit settlements that CCC is tracking this year—indeed, we are already filing claims in two 10-digit settlements. And in each case, our team will be ready to review trade data, hunt down every eligible securitiy identifier, and then steward each  claim from the date we file, throughout the review process, and until the distribution fund is completely depleted. If you have any questions about the Equifax litigation, or about any financial settlement notice you receive or that is now pending in the courts, then give us a call today at 312-204-6970. 

Written By: Dennis O'Toole

I could go on and on, but bottom line, the fees being charged are much less than what I was spending in house to file and this is just one less thing I have to spend time trying to figure out how to complete on a consistent basis. Dealing with the CCC staff has been a very positive thing.

- National Bank

We were spending countless hours on class action claims before we signed on with CCC in January. Matt Murray and their technical team ensured our data transmission was seamless and secure. We found everyone at CCC to be professional, courteous, and accommodating.

- Savings Bank

Signing with CCC has made a huge difference. Before, it was horrible. We had to print thousands of pieces of paper, invite clients to come in and sit down with us to show them where to find the transactions, how to input them into the Proof of Claim forms. Now it's simple. It’s very nice to be able to tell our client, “You can shred that Proof of Claim form because CCC has it taken care of.

- Registered Investment Advisor

Your client reporting portal and customer service is the reason we chose Chicago Clearing. I send the data on an annual basis to CCC and they take it from there. My clients are protected (if there is a class action, it is getting filed), the Bank is protected (we are meeting our fiduciary obligation by filing the claims).

- Bank

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