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"If you filed for a cash payout from Equifax as part of the credit bureau’s settlement for its massive 2017 data breach, you’re probably not getting anywhere close to $125.
On Thursday, Dec. 19, a Georgia federal judge awarded $77.5 million to the attorneys representing the class of consumers against Equifax. That’s over 20% of the roughly $380 million settlement fund Equifax agreed to set up to directly help consumers affected by the breach, according to the Hamilton Lincoln Law Institute, which house the Center for Class Action Fairness and opposed the high fee award."
https://www.cnbc.com/2019/12/19/court-awards-80-million-to-consumer-attorneys-in-equifax-case.html
I've never understood fees like this. Not surprised either but I doubt it took 77 million worth money or even half that (markup yo) in terms of billable hours even from the dozens of people that probably worked on it.
I'm all for people getting paid, I myself am picking up a second gig again come January and the new one is my highest salary ever even above what dotcom salaries got up to during the gold rush so I understand grabbing all you can get, but that... 77 million for services? **bleep**.
@dragontears wrote:
Is anyone surprised by this news?
Surprised, no. Disgusted, yes. I wouldn't be the least bit mad if I got $0 because it went to charities, but the fact that some sycophantic suits are walking away with $77 million for their "effort" is infuriating. Shakespeare was right, even if we'll never know how he really felt about his line.
Well, I did not sign up for anything. Just responded by email verifying my email address.
However, just last week, received a check for $8.65. Wowee!
Hamburger and fries for dinner.
@Ricky_D wrote:Well, I did not sign up for anything. Just responded by email verifying my email address.
However, just last week, received a check for $8.65. Wowee!
Hamburger and fries for dinner.
Lol, yep from McDonald's.
I also didn't sign up. Gonna be more disappointed folks who did.
@Remedios wrote:
I did not sign up for anything, I dont even like seeing their logo.
lol
It looks like they're trying to get ahead of things:
Equifax To Offer Six Free Credit Reports
News provided by Equifax: Dec 23, 2019, 08:30 ET
"These free Equifax credit reports will be available during any twelve-month period for seven years without any charge."