Equifax Investor Seeks Cert. In Data Breach Stock-Drop Suit

Law360 (April 1, 2019, 6:31 PM EDT) -- A German asset manager's parent company asked an Atlanta federal judge on Friday to grant class action status to its suit accusing Equifax Inc. of misleading investors about its cybersecurity strength in the lead-up to its massive 2017 data breach, a request that also calls for Bernstein Litowitz Berger & Grossmann LLP to take the class counsel slot.

Union Asset Management Holding AG, the parent to the Frankfurt-based Union Investment Group, urged U.S. District Judge Thomas W. Thrash Jr. to certify a proposed class of investors who bought stock in Equifax between late February 2016 and mid-September 2017, after the credit...

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