Equifax (EFX) Alert: Tripp Levy PLLC Announces Filing of Class Action Lawsuit Against Equifax, Inc.; Encourages Investors to Contact the Firm for Information

September 9, 2017
New York, New York

Shareholder Rights Law Firm Tripp Levy PLLC announces that a class action lawsuit has been filed against Equifax Inc. (NYSE: EFX) (“Equifax”). The class action lawsuit was filed by victims against Equifax, Inc. relating to the cybersecurity incident. The complaint accuses the Georgia-based Equifax of failing to maintain adequate electronic security safeguards as part of a corporate effort to save money.

After the close of trading on September 7, 2017, Equifax disclosed that its databases had been breached between May and June 2017, that hackers had gained access to Company data that potentially compromised sensitive information for 143 million American consumers, including Social Security numbers, credit card numbers and driver’s license numbers. Equifax discovered the breach on July 29, 2017, but had waited until after the close of trading nearly six weeks later to disclose the breach to consumers and Equifax’s investors.

Regulatory filings show on August 3, 2017, just days after the July 29 breach discovery, Chief Financial Officer John Gamble sold shares worth $946,374 and Joseph Loughran, president of U.S. information solutions, exercised options to dispose of stock worth $584,099.

If you are an Equifax shareholder and are interested in learning more about your legal rights and remedies, please contact us at 800.511.7037 or contact us via our website.

Tripp Levy PLLC represents individual and institutional shareholders in mergers and acquisitions transactions and has assisted in the recovery of billions of dollars for shareholders in securities actions around the globe.

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