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So a few years back, Equifax bought a company I cofounded. They assisted my former business partner in diverting ~$13 million of the purchase proceeds that were
by downandout 9y ago
So a few years back, Equifax bought a company I cofounded. They assisted my former business partner in diverting ~$13 million of the purchase proceeds that were supposed to go to me over to him. Then they helped stonewall the resulting litigation for years.
While I am upset on behalf of all affected consumers, mere words cannot adequately express the unbridled joy that I experienced when I found out that they were likely, at a minimum, going to lose hundreds of millions (or more) over this. Having dealt with high level executives at the company, I can tell you that an event like this is wholly unsurprising given their nonchalant attitudes toward...pretty much everything. I absolutely hope you are right that this is an extinction level event for them. My admittedly biased opinion is that they are an irresponsible company with far too much power over peoples' lives, run by malevolent executives. The company should probably cease to exist, at least in its current form.
- sutble 9y agoDid they have a specific reason for screwing you over? It just seems like a lot of effort to go through on their part with no tangible benefit. Sorry if this is too personal a question.
- downandout 9y agoIt's a very long story, but my business partner was running everything by the time they came into the picture and so their allegiance was to him. We had a personal falling out and based upon that he became hellbent on ensuring I got nothing once it was clear that the acquisition was going to happen. It was easier and cheaper for Equifax to take the position they took. If I were a corporate lawyer, I likely would have given Equifax the same advice. That doesn't make it right though.