Fraud & Identity Fraud & Identity



Fraud & Identity Industry News

TMCNet:  IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Equifax Inc. and Encourages Investors with Losses to Contact the Firm

[September 13, 2017]

IMPORTANT SHAREHOLDER ALERT: Lundin Law PC Announces Securities Class Action Lawsuit against Equifax Inc. and Encourages Investors with Losses to Contact the Firm

Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against Equifax Inc. ("Equifax" or the "Company") (NYSE: EFX) concerning possible violations of federal securities laws between February 25, 2016 and September 7, 2017, inclusive (the "Class Period"). Investors who purchased or otherwise acquired shares during the Class Period should contact the firm prior to the November 13, 2017 lead plaintiff motion deadline.

To participate in this class action lawsuit, click here.


You can also call Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or you can e-mail him at brian@lundinlawpc.com.

No class has been certified in the above action yet. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be 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. Upon release of this information, the Company's stock price fell materially, which caused investors harm according to the Complaint.

Lundin Law PC was founded by Brian Lundin, Esquire, a securities litigator based in Los Angeles dedicated to upholding shareholders' rights.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.


[ Back To Fraud & Identity's Homepage ]




Industry Insights

(MobileID) Proactive Fraud Prevention

Interconnect-related fraud such as International Revenue Share Fraud (IRSF) and PBX hacking fraud continue to be a billion dollar problem to the telecom industry.

(Defender Shield) Defense solutions for the modern SMS ecosystem

SMS is a ubiquitous communication method for person-to-person (P2P) text messaging, which has been in use globally for nearly 20 years.

(Defender Shield) Preventing Grey Routes and the Multi-billion dollar Threat

The convenience of mobile messaging has brought communication efficiency to billions of consumers worldwide. As is often the case with widely accepted technologies; however, convenience can provide a vulnerable gateway to fraudulent activity.

Product Documents

Asset Protect

While unlimited or high-volume voice and SMS plans offer great value to subscribers, sometimes fraudsters exploit these plans to avoid paying termination and interconnect fees.

Defender Shield

In a world with ever-increasing Application-to-Person (A2P) messaging needs and competition, improving customer satisfaction and eliminating revenue leakage is key for protecting SMS profits.

MobileID

Accurate and cost-efficient routing of voice calls and SMS is critical. Unfortunately, gathering reliable routing data on ported numbers and keeping up with constant changes in number plans is expensive and time-consuming.

Fraud Solutions

Communications fraud is a $20B annual global problem and growing. Companies are looking for peace of mind so that their business and their customers are protected from the onslaught of technology crime that is damaging their reputations and their balance sheets.