Banks Seek Preliminary Approval Of $5.5 Million Equifax Data Breach Settlement

Mealey's (May 21, 2020, 10:35 AM EDT) -- ATLANTA — Four months after final approval was granted to the settlement of claims brought by consumer plaintiffs over Equifax Inc.’s 2017 data breach, the financial institution (FI) plaintiffs on May 15 asked a Georgia federal court to preliminarily approve the $5.5 million settlement of their claims in the consolidated class action against the credit-reporting company (In Re:  Equifax Inc., Customer Data Security Breach Litigation, No. 1:17-md-02800, N.D. Ga.)....