Equifax Gets Record-Setting $18M FCRA Verdict Slashed

Law360, New York (January 30, 2014, 3:49 PM EST) -- A federal judge on Wednesday cut down an Oregon woman’s $18.4 million punitive damages award in her suit claiming Equifax Information Services LLC ignored pleas to correct an inaccurate credit report, calling the unprecedented figure a breach of due process.

U.S. District Judge Anna J. Brown reduced the award to $1.62 million, concluding that while Equifax had acted reprehensibly in letting plaintiff Julie Miller's false information languish for two years and should face punitive damages in the interests of deterrence, a punishment clocking in at 102...
To view the full article, register now.