Plaintiffs’ counsel filed a Motion for Preliminary Approval of a Proposed Class Action Settlement against two Verisk Analytics companies – Intellicorp Records, Inc. and InsuranceInformation Exchange, LLC – for alleged violations of the Fair Credit Reporting Act (“FCRA”). The matter is pending in the United States District Court Northern District of Ohio and the consolidated case number is Case No. 1:12-cv-02288.
The motion alleges that Intellicorp Records, Inc. (“Intellicorp”), a background screening company, allegedly violated the FCRA. The settlement provides substantial monetary and non-monetary relief, including cash disbursements totaling $18.6 million and the monetary value of free consumer reports to all Class Members upon request (there are approximately 545,000 class members).
Judge James Gwin signed the Preliminary Approval of Class Action Settlement November 25, 2013. A hearing to decide on Final Approval will take place May 23, 2014.
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