On July 22, 2019, it was announced that Equifax has agreed to a global settlement proposal regarding its 2017 data breach that allegedly exposed the personal information of 147 million people. The Honorable Thomas W. Thrash, Jr., Chief Judge, U.S. District Court, Northern District of Georgia, who is overseeing the multi-district litigation in federal court in Atlanta, will conduct a fairness hearing on December 19th to determine whether to grant final approval of the settlement of all consumer claims against Equifax.
The proposed settlement would result in free credit monitoring and/or cash payments to individuals harmed by the breach.
If approved, breach victims would be able to file a claim, potentially providing breach victims with:
- Free Credit Monitoring and Identity Theft Protection Services: Up to 10 years of free credit monitoring OR $125 if you decide not to enroll because you already have credit monitoring. Or, if you were a minor in May 2017, you are eligible for a total of 18 years of free credit monitoring.
- Cash Payments (capped at $20,000 per person): Reimbursement for expenses as a result of the breach, for the time spent dealing with the breach and for the cost of Equifax credit monitoring and related services from Sept. 7, 2016 and Sept. 7, 2017.
- Future help recovering from identity theft.
- Future free credit reports.
All affected class members will soon be receiving formal notice of the settlement’s details from the court. Corboy & Demetrio is no longer accepting individual clients in this matter. The Federal Trade Commission is providing more information about the Equifax settlement and how to file a claim here.