Bloomberg Law
Oct. 30, 2019, 5:49 PM

Equifax Data Breach Class Counsel Wants $77 Million in Fees

Perry Cooper
Perry Cooper

Attorneys representing the 147 million Americans affected by the 2017 Equifax Inc. data breach asked the Northern District of Georgia Oct. 29 for 20% of proposed class settlement fund.

The deal “is historic, exceeding the value of all previous consumer data breach settlements combined,” class counsel said in its motion for attorneys’ fees.

Equifax will pay $380.5 million into a non-reversionary fund under the terms of the deal. If needed, it must add $125 million more for out-of-pocket claims.

Class members will be able to claim up to $20,000 for out-of-pocket losses, 10 years of credit monitoring or cash compensation, ...