Safirstein Metcalf LLP Updates Investors about the Shareholder Class Action Filed Against Equifax Inc. – EFX

NEW YORK, Sept. 22, 2017 -- Safirstein Metcalf LLP updates investors about the shareholder class action filed against Equifax Inc. (“Equifax” or the “Company”) (NYSE:EFX).  The class action is on behalf of investors who purchased shares between February 25, 2016 and September 7, 2017, inclusive (the “Class Period”).

If you purchased or acquired Equifax common stock during the class period, or if you have held Equifax shares since February 2016 and continue to hold shares, and would like more information about the shareholder action, please contact Safirstein Metcalf LLP at 1-800-221-0015, or email [email protected]

If you wish to serve as lead plaintiff, you must move the Court no later than November 13, 2017.   A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

According to the Complaint, throughout the Class Period, Equifax issued materially false and/or misleading statements, and/or failed to disclose, that the Company failed to maintain proper security systems, controls and monitoring systems in place to protect its data systems and detect security breaches. On September 7, 2017, Equifax announced that its systems were hacked in a cybersecurity incident that may have affected about 143 million U.S. consumers. According to the Company, hackers accessed names, Social Security numbers, birth dates, addresses and driver’s license numbers. Hackers also accessed credit card numbers for about 209,000 consumers.

Following the release of this information, the Company’s shares fell more than 13%, or $19.49 per share to close at $123.23 on September 8, 2017.  Since the announcement of the cyberattack, Equifax has lost more than $5 billion in market cap. 

About Safirstein Metcalf LLP

Safirstein Metcalf LLP focuses its practice on shareholder rights. The law firm also practices in the areas of antitrust and consumer protection.  All of the Firm’s legal endeavors are rooted in its core mission: provide investor and consumer protection.

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Safirstein Metcalf LLP
Peter Safirstein, Esq.
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