Update on the Distribution of Net Settlement Funds
The Court has approved the distribution of the net settlement funds to eligible Court-approved Claimants who qualified for an award under the Plan of Allocation. A distribution of funds has occurred on the following date/s:
June 9, 2021
April 18, 2022
Subsequent distributions will occur on a rolling basis.
If you submitted a Claim in this case and have any questions related to that Claim, please contact the Claims Administrator whose contact information is listed here below:
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.
Summary of the Action and Settlement
In this 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 settlement of the Action for $149,000,000 in cash that, resolves all claims in the Action (the “Settlement”).
On June 26, 2020, the Court held a hearing on final approval of the Settlement and related matters. Following the hearing, the Court entered a Judgement approving the Settlement, an order approving the proposed Plan of Allocation, and an order awarding attorney's fees and litigation expenses.
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 the Court-approved Plan of Allocation. 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.
|KEY DATES AND DEADLINES
|JUNE 26, 2020
SETTLEMENT FAIRNESS HEARING
|The Settlement Fairness Hearing was held on June 26, 2020. Following the Settlement Fairness Hearing, the Court entered a Judgement approving the Settlement, an order approving the proposed Plan of Allocation, and an order awarding attorney’s fees and litigation expenses.