Equifax Can't Lose Investors, Consumers' Data Breach Claims

Law360 (January 28, 2019, 11:28 PM EST) -- A Georgia federal judge on Monday allowed separate groups of consumers, payment card issuers and investors to move forward with the bulk of their fraud, negligence and other claims in sprawling litigation over Equifax's massive 2017 data breach, while canning similar allegations brought by small businesses and financial institutions.

In a series of lengthy rulings, U.S. District Judge Thomas W. Thrash Jr. addressed Equifax's bids to dismiss both a securities fraud class action being pressed by a proposed consolidated class of investors and separate multidistrict litigation comprised of claims lodged by consumers and financial institutions.

The disputes were launched in the...

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