Equifax Investors Slam Appeal Bid In Data Breach Suit
Law360 (April 25, 2019, 4:23 PM EDT) -- A proposed class of Equifax Inc. investors pushed back against the company's bid to appeal a Georgia federal judge's decision to allow the bulk of their securities fraud claims over its massive 2017 data breach, arguing that the questions Equifax wants reviewed are not legal issues.
The court ruled on Equifax's motion to dismiss earlier this year, trimming some claims, but preserving the majority of the shareholders' fraud and negligence allegations against the company and its former CEO Rick Smith.
Equifax responded by requesting an interlocutory appeal on three questions: whether some of its alleged misstatements should be considered inactionable puffery,...
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