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Time for the class action suit to dwarf all other class actions... liquefy Equifax and turn its assets over to the 143 million.



And as is the case for every class action suit ever, some lawyers make a lot of money and everybody whose information was compromised by Equifax gets a check for 24 cents.


Honestly I don't mind too much. At this point I just want significant punishment for those who allow massive data leaks so there's a reasonable deterrent for other companies. Something needs to happen to make these executives take data security issues seriously.


Don't fall for the "credit monitoring" bait they're offering then - accepting it nullifies your class-action rights.


The monitoring benefits (Do to their negligence) is probably worth more than the $10 you'll get out of the CAS.

It would be better if we could get the monitoring from one of their competitors on Equifax's dime.


"Worth more" in the sense that they probably charge more for it, but I doubt it would cost Equifax as much to provide that service as it would if they actually were forced to cough up real money.

They've already built out the infrastructure necessary for the monitoring product. The marginal cost of every additional person they add to it is probably quite low.


I bet the other two credit bureaus would be much more careful about security if that happened.




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