Equifax Looks To Ditch Shareholder Data Breach Fraud Claims

Law360 (June 8, 2018, 5:01 PM EDT) -- Equifax Inc. has asked a Georgia federal judge to dismiss a lawsuit by a proposed consolidated class of investors who sued after Equifax's stock fell following the company's announcement of a massive data breach, saying the investors haven't shown Equifax officials committed fraud by knowingly misleading them.

The plaintiffs' complaint fails to cite any false or misleading statements made by Equifax in connection with the breach that impacted the company's stock price, Equifax's Thursday motion to dismiss states. As a result, the allegations made by the putative class of investors fall "far short" of the pleading standards required by federal law,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!