Equifax, the credit-reporting company, agreed on July 22, 2019, to pay between $575 million and $700 million dollars to settle state and federal investigations related to the massive security incident and data breach that exposed the personal information of almost 150 million Americans in 2017. The court granted preliminary approval of the settlement.
The settlement website, www.equifaxbreachsettlement.com, is now active and receiving claims. To determine your eligibility to file a claim, you can enter your last name and the last six digits of your Social Security number on the website. If you are eligible you can continue with filing a claim via their website, or by downloading the claim form and mailing it to the claims department. The deadline to file a claim is January 22, 2020.
Equifax has committed to paying at least $380,500,000 into a Consumer Restitution Fund in order to settle claims. Settlements can vary from free credit monitoring services to cash payments up to $20,000 depending on how the claimant was affected by the data breach.
According to answers posted on the website’s frequently asked questions page, claims will be adjudicated and settlement disbursed "after the Court enters a final judgment and the settlement becomes final", which could take several more months.
Jennifer Hutchins is an attorney in the Firm’s Labor and Employment & Business Litigation Practice Groups. If you have any questions or concerns about this issue or any other matter, please contact Jennifer directly at 813-223-1099.