Equifax Inc. (NYSE:EFX) Investor Securities Class Action Lawsuit 09/11/2017

If you purchased a significant amount of shares of Equifax Inc. (NYSE:EFX) between February 25, 2016 and September 7, 2017, and / or if you purchased any NYSE:EFX shares prior to February 2016 and continue to hold any of those shares, you have certain options and for certain investors are short and strict deadlines running. Deadline: November 10, 2017. NYSE:EFX investors should contact the Shareholders Foundation, Inc.

To have your information reviewed for options and to recieve notifications about this case, please use this form. You may also send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Company Name(s): 
Equifax
Case Name: 
Equifax Shareholder Class Action Lawsuit 09/11/2017
Case Status: 
Lawsuit Filed
Affected Securities
NYSE: EFX
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
09/11/2017
Class Period Begin: 
02/25/2016
Class Period End: 
09/07/2017
Court of Filing: 
U.S. District Court for the Northern District of Georgia
Deadline To File for Lead: 
11/10/2017
Summary: 

September 11, 2017 (Shareholders Foundation) - An investor in shares of Equifax Inc. (NYSE:EFX) filed a lawsuit in the U.S. District Court for the District Court for the Northern District of Georgia over alleged violations of Federal Securities Laws by Equifax Inc. February 25, 2016 and September 7, 2017.

According to the complaint the plaintiff alleges on behalf of purchasers of Equifax Inc. (NYSE:EFX) common shares between February 25, 2016 and September 7, 2017, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 25, 2016 and September 7, 2017, the Defendants issued materially false and/or misleading statements and/or failed to disclose that Equifax Inc failed to maintain adequate measures to protect its data systems, that Equifax Inc failed to maintain adequate monitoring systems to detect security breaches, that Equifax Inc failed to maintain proper security systems, controls and monitoring systems in place, and that as a result of the foregoing, the Company's financial statements were materially false and misleading at all relevant times.
Equifax Inc. reported that its annual Total Revenue rose from over $2.66 billion in 2015 to over $3.14 billion in 2016 and that its Net Income increased from $429.10 million in 2015 to $4888.80 million in 2016.

Shares of Equifax Inc. (NYSE:EFX) grew from $111.54 per share in late 2016 to as high as $146.26 per share in August 2017.

On September 7, 2017, post-market, Equifax Inc announced that criminals had exploited a website application vulnerability to gain access to the private information of approximately 143 million U.S. consumers between mid-May and July 2017.

Shares of Equifax Inc. (NYSE:EFX) declined on September 11, 2017 to as low as $11.419 per share.