EQUIFAX SECURITIES LITIGATION SETTLEMENT WEBSITE

Please read this website carefully. Your rights may be affected.

The information contained on this website is only a summary of information presented in more detail in the NOTICE OF (I) PENDENCY OF CLASS ACTION AND PROPOSED SETTLEMENT; (II) SETTLEMENT FAIRNESS HEARING; AND (III) MOTION FOR AN AWARD OF ATTORNEYS’ FEES AND LITIGATION EXPENSES.  Because this website is just a summary, you should review the Notice for additional details.

 

Pursuant to the Court's Order of April 28, 2020, the Settlement Fairness Hearing before Judge Thomas W. Thrash, Jr. to consider final approval of the Settlement in this Action, approval of the proposed Plan of Allocation, Lead Counsel's motion for attorneys' fees and expenses, and related matters, which is set for June 26, 2020 at 9:30 a.m., will be conducted by videoconference. 

Pursuant to the Court’s Order Notice of Videoconference Hearing, the information required to access the videoconference for the Settlement Fairness Hearing is as follows:

Meeting Link: https://ganduscourts.zoomgov.com/j/1614925523

Meeting ID: 161-492-5523

Password: 429600

Dial-in Numbers (if video unavailable): 646-828-7666 or 669-254-5252

Participants are advised of the Court’s Administrative Order 20-03 of April 16, 2020 and must follow the Court’s instructions for remote hearings, found here:

http://www.gand.uscourts.gov/public-access-electronic-court-proceedings  

Please visit this website often to get the most up-to-date information regarding the Settlement Fairness Hearing.

In addition, if you have submitted or do submit an objection to the Settlement, Plan of Allocation, or motion for attorneys’ fees and expenses, please send a copy of that objection to Lead Counsel at settlements@blbglaw.com.

 

Summary of the Action and Settlement

In this pending securities class action, the Court-appointed Lead Plaintiff Union Asset Management Holding AG (“Lead Plaintiff”) alleges that Defendants Equifax Inc. (“Equifax”) and Robert F. Smith (collectively, “Defendants”) violated the federal securities laws by making false and misleading statements regarding Equifax’s business (the “Action”). A more detailed description of the Action is set forth in the Notice. Defendants have denied and continue to deny these allegations.

Lead Plaintiff, on behalf of itself and the Settlement Class (defined below), has reached a proposed settlement of the Action for $149,000,000 in cash that, subject to final approval by the Court, will resolve all claims in the Action (the “Settlement”). If the Settlement receives final approval from the Court, and the Effective Date occurs, the Net Settlement Fund (i.e., the Settlement Amount, plus any and all interest earned thereon, less court-awarded attorneys’ fees and Litigation Expenses, Notice and Administration Costs, any required Taxes, and any other fees or costs approved by the Court) will be distributed in accordance with a proposed plan of allocation (the “Plan of Allocation”) that will be approved by the Court and will determine how the Net Settlement Fund shall be allocated to Class Members. The Plan of Allocation begins on page 12 of the Notice

If you are a member of the Settlement Class, your rights will be affected and you may be eligible for a payment from the Settlement. 

The Settlement Class consists of:

all persons and entities who purchased or otherwise acquired publicly-traded Equifax common stock during the period from February 25, 2016 through September 15, 2017, inclusive (the “Class Period”), and who were damaged thereby (the “Settlement Class”), except for certain persons and entities who are excluded from the Settlement Class by definition as set forth in paragraph 27 of the Notice.

Please read the Notice to fully to understand your rights and options.

If you are a member of the Settlement Class, in order to be potentially eligible to receive a payment from the Settlement, you must submit a Claim Form postmarked no later than July 22, 2020.

Payments to eligible claimants will be made only if the Court approves the Settlement and a plan of allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.

KEY DATES AND DEADLINES
JULY 22, 2020
CLAIM FILING DEADLINE
To be eligible to receive a payment from the Settlement, you must mail the Claim Form and supporting documentation, postmarked no later than July 22, 2020, in accordance with the instructions in the Notice and Claim Form.
JUNE 5, 2020
EXCLUSION DEADLINE
To exclude yourself from the Settlement Class, you must submit a written request for exclusion so that it is received no later than June 5, 2020. Please follow the instructions for submitting a request for exclusion stated in paragraph 78 of the Notice.
JUNE 5, 2020
OBJECTION DEADLINE
Any objections to the proposed Settlement, the proposed Plan of Allocation for the proceeds of the Settlement, or the application for attorneys’ fees and Litigation Expenses, must be received no later than June 5, 2020. Please follow the instructions for submitting an objection stated in paragraphs 84-85 of the Notice and also email a copy of your objection to settlements@blbglaw.com..
JUNE 26, 2020
AT 9:30 AM 
SETTLEMENT FAIRNESS 
The Settlement Fairness Hearing will be held on June 26, 2020 at 9:30 a.m., before the Honorable Thomas W. Thrash, Jr. at the United States District Court for the Northern District of Georgia, Atlanta Division, Courtroom 2108 of the Richard B. Russell Federal Building and United States Courthouse, 75 Ted Turner Drive, SW, Atlanta, GA 30303. The Settlement Fairness Hearing will be conducted by videoconference. For details on how to participate, please see the top of this page.