Landmark $100 Million Settlement Reached in Equifax Credit Score Misreporting Class Action Lawsuit; Gibbs Mura is Co-Lead Counsel on Behalf of 4 Million Estimated Class Members
A $100 million settlement was reached in a class action lawsuit against Equifax for credit score misreporting affecting 4 million people.Summary
A federal judge granted preliminary approval to a $100 million settlement in a class action lawsuit against Equifax, alleging the company miscalculated credit scores for approximately 4 million Americans between March 17 and April 6, 2022. The case, *In re: Equifax Fair Credit Reporting Act Litigation* (Case No. 1:22-cv-03072), was heard in the U.S. District Court for the Northern District of Georgia before Judge Leigh Martin May. Gibbs Mura, co-led by partner David Berger, served as class counsel alongside Girard Sharp, DiCello Levitt, and Caplan Cobb. The lawsuit accused Equifax of recklessly relying on outdated systems, violating the Fair Credit Reporting Act. The non-reversionary settlement fund will provide direct cash payments to class members, with a final fairness hearing scheduled for January 22, 2027. David Berger emphasized the importance of holding credit reporting agencies accountable. Gibbs Mura previously secured a $1.5 billion settlement with Equifax in 2019 for a data breach affecting 147 million consumers.
(Sourceļ¼Financialcontent)