Equifax Data Breach Suit Gets Discovery Stay Modification

A shareholder suing Equifax Inc. over alleged securities law violations convinced a federal judge to modify a discovery stay so they may engage in activities that are already ongoing in parallel litigation.

Union Asset Management Holding AG is the lead plaintiff in a putative class action alleging that Equifax committed securities fraud in connection with a 2017 data breach affecting approximately 140 million consumers.

UAMH now has the green light to serve document requests on the company, and the parties must begin negotiating how electronically stored information should be searched.

Under the automatic stay provision of the Private Securities Litigation ...