Equifax Faces Multibillion-Dollar Lawsuit Over Hack
Bloomberg reports that a proposed class-action lawsuit was filed against Equifax Inc. late Thursday evening, shortly after the company reported that an unprecedented hack had compromised the private information of about 143 million people.
The law firms filing the suit are Olsen Daines PC and Geragos & Geragos, a celebrity law firm known for blockbuster class actions. Reporter Polly Mosendz writes that Ben Meiselas, an attorney for Geragos, said the class will seek as much as $70 billion in damages nationally.
In the security breach, hackers are believed to have accessed Social Security numbers, addresses, driver’s license data, and birth dates. Some credit card information was also put at risk.