Burg Simpson founding shareholder Michael S. Burg spoke with Reuters this week about the abrupt retirement of Equifax CEO Richard Smith following the credit reporting agency’s massive data breach.
“They didn’t do anything to protect the consumers and their information,” Burg told the news service, “Then they attempted to keep people from being able to sue them…in a class action.”
Michael also blasted company officials for selling their shares once they became aware of the breach, but before they announced it publicly.
Michael Burg, author of “Trial By Fire, One Man’s Battle of End Corporate Greed and Save Lives,” has tried more than 185 trials and obtained more than 15 verdicts in excess of $1 million. Over the course of his career, Burg’s clients have received settlements, judgments, and verdicts in excess of $500 million.
You can see his interview here.