TransUnion Escapes Investor Claims of Ongoing Legal Violations

TransUnion succeeded Tuesday in exiting investor claims that the credit reporting agency’s senior leaders violated consumer protection laws for years, even after public pledges to implement reforms.

The company has disagreed with a federal regulatory about certain details in a required consumer warning, but those were “minor interpretive differences” such as font size, phrasing, and the placement of a check box, Vice Chancellor Lori Will said in a 50-page opinion for the Delaware Chancery Court.

But it has taken steps toward compliance, which defeats claims of liability since the investor hasn’t shown “facts showing a disloyal state of mind,” she ...