In addition, if approved by the Court, Equifax will pay service awards of $1,500 to each class representative. In addition, Equifax has agreed to adopt and/or maintain certain practices related to its data security and to pay separately the costs of notice, settlement administration, and, if approved by the Court, up to $2 million in fees and $250,000 in costs and expenses to attorneys for the Settlement Class.The different types of Claims are explained later in this notice. Two types of claims may be made: “Fixed Payment Claims” and “Documented Out-of-Pocket Claims.” A Settlement Class Member may make one or both types of Claims. Under the Settlement, Equifax will pay, on a claims-made basis, up to $5.5 million into an escrow account out of which the Settlement Administrator will make payments to Settlement Class Members who timely submit valid claims.Equifax denies these allegations, any wrongdoing, and that it is liable in any amount to the financial institutions. These claims include alleged negligence, negligence per se, violations of various state unfair and deceptive trade practices statutes, and seek injunctive and declaratory relief. Ga.), assert claims on behalf of a class of financial institutions related to the Data Breach and Equifax’s data security practices.
Customer Data Security Breach Litigation, Case No.
#Equifax data breach settlement. for free
After a settlement with Equifax, consumers can now file a claim for free credit.
If your financial institution issued one or more payment cards identified as having been at risk as a result of the data breach that Equifax announced in 2017, it could get a payment from a class action settlement.
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