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A website has been established to inform Class Members of their rights under a $700 million Equifax data breach class action settlement.
The settlement deal which received preliminary approval on Monday would end claims that Equifax did not sufficiently protect the personal identifying data of nearly 150 million customers and others from a data breach that occurred in 2017.
Of the $700 million settlement, Equifax has agreed to set aside $380.5 million to compensate consumer Class Members. The remainder of the fund will be used to pay for civil penalties and to compensate the 48 states who filed separate lawsuits against Equifax.
The settlement deal does not establish any guilt. Equifax denies any wrongdoing, but has agreed to settle the data breach class action lawsuit to avoid the potential costs and risks of continuing litigation.
According to the Equifax data breach class action settlement website, Class Members are eligible for free credit monitoring or a $125 cash payment, if the Class Member already has credit monitoring services that will continue for at least six more months. In this benefit, four years of three-bureau credit monitoring are offered through Experian, and up to six more years of free one-bureau credit monitoring are offered through Equifax.
Class Members may also be eligible for cash payments up to $20,000, to compensate for the following expenses:
- time spent remedying fraud, identify theft, or misused personal information caused by the data breach, at a rate of $25 per hour up to 20 hours total
- out-of-pocket expenses
- up to 25 percent of the cost of Equifax credit or identity monitoring products paid for in the year before the data breach was announced
- free identity restoration services for at least seven years
The Equifax class action settlement website notes that it will be updated throughout the legal process to provide information on who qualifies as a Class Member eligible for benefits from the settlement.
Numerous Equifax data breach class action lawsuits were filed in 2017 by customers who claimed that a massive data breach at the company exposed the personal identifying information of more than 145 million people. Allegedly, it was the largest data breach involving personal and financial information in U.S. history.
Customers accused Equifax of not having sufficient security in place to protect customer data from the data breach.
Additionally, the customers argued that Equifax did not respond appropriately during and after the breach, by not informing the public about the breach quickly enough, and not implementing sufficient security measures after the breach.
In 2018, news sources reported that the data breach was larger than Equifax had originally communicated to the public, and exposed information including tax identification numbers, email addresses and phone numbers.
The plaintiffs are represented by co-lead counsel Amy Keller of DiCello Levitt Gutzler LLC, Kenneth Canfield of Doffermyre Shields Canfield & Knowles LLC and Norman Siegel of Stueve Siegel Hanson LLP.
The Equifax Data Breach Class Action Lawsuit is In re: Equifax Inc. Customer Data Security Breach Litigation, Case No. 1:17-md-02800, in the U.S. District Court for the Northern District of Georgia.
UPDATE: July 2019, the Equifax data breach class action settlement is now open. Click here to file a claim.
UPDATE 2: On Nov. 19, 2019, the class action watchdog Center for Class Action Fairness filed an objection to the Equifax data breach class action settlement, claiming that the attorney fee request should be reduced and that the settling parties suppressed the claims process.
UPDATE 3: On Dec. 20, 2019, a federal judge gave a $425 million Equifax class action settlement final approval despite objections from consumer advocacy groups.
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237 thoughts onEquifax Data Breach Settlement Website Has Been Established
Please add me
i claimed also but haven’t heard anything
I’ve filed a claim back when it started after finding out I still have yet to hear anything or be paid out
I have previously filed out a claim and was not contacted with a follow up.
I filled out the form several months ago for the $125 as I already have credit monitoring. Having heard anything about it.
add me
I still have yet to receive the identity theft, restoration, monitoring services or my out of pocket reimbursements. This is getting very tiring as i have suffered and am.still sufferring severe life indemnities due to the fallout of this data breach.
When calling they claim.to.know nothing.or when our out.of pocket expenses will be paid.and none of the credit bureaus are i n itiating the identity theft and monitoring services. The number (code) we are given to give to Experian is not.correct according to Experiam while Equifax settlement administrator swears that id whst they need. Im totally frustrated .
I filed for this along with my husband that we haven’t received anything
I have had my claim in for a very long time and still haven’t heard anything. I bet the lawyers get there money though. I spent several days and lots of money on this data breach and Equifax still won’t correct things in my profile
I have my email my claim number and never received compensation! I have had nothing but trouble since all this what do I do?