NEW YORK, Sept. 12, 2017 /PRNewswire/ -- WeissLaw LLP, a
national class action and shareholders' rights law firm, announces
an investigation of Equifax, Inc. (NYSE: EFX) ("EFX," or the
"Company"), its Board of Directors, and certain Company officers
for, among other things, possible breaches of fiduciary duty and
violations of federal securities laws.
On September 7, 2017, the
credit-monitoring giant announced that on July 29 it discovered that the Company had
experienced a breach in its cybersecurity system. EFX
revealed that from mid-May to July "criminals" exploited a weakness
in a website application to gain access to files containing the
sensitive personal information of approximately 143 million
Americans, making them vulnerable to identity theft; the breach
also exposed the credit card numbers of 209,000 US consumers.
According to several independent sources, EFX's unprecedented
security breach could the largest theft involving Social Security
numbers.
The Company also reported that on August
1 and 2, more than a month prior to the announcement and
less than a week after its discovery of the cyber-breach incident,
three top executives at EFX sold nearly $2
million in EFX shares.
Following the announcement, EFX shares nose-dived a staggering
$24.89, from the previous day's
trading price of $142.14 to
$117.25. Overnight, shareholders lost nearly 20% of
their shares' value, and several analysts revised their target
prices. EFX shares continue to take a battering, trading for
as low $112.18 on September 12, wiping out all of the stock's gains
since the beginning of the year.
WeissLaw is investigating whether EFX's Board (1) failed to
properly safeguard, secure and protect consumers' sensitive
personal information; (2) established and maintained a
comprehensive security program to protect consumers' sensitive
personal information; and (3) made false and/or misleading
statements. If you wish to discuss this investigation or have
any questions concerning this notice or your rights or interests,
please contact Joshua Rubin of
WeissLaw LLP at (888)593-4771, or by e-mail at
stockinfo@weisslawllp.com.
WeissLaw LLP has litigated hundreds of stockholder class and
derivative actions for violations of corporate and fiduciary
duties. We have recovered over a billion dollars for
defrauded clients. For more information about the firm,
please go to: http://www.weisslawllp.com/equifax-inc/
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SOURCE WeissLaw LLP