The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of TransUnion (“TransUnion” or “the Company”) (NYSE: TRU) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. TransUnion is the subject of a 2017 consent order issued by the Consumer Financial Protection Bureau ("CFPB"). Despite the consent order, the CFPB announced it was filing a lawsuit against TransUnion, related parties, and former executives on April 12, 2022. The CFPB said in a press release, “TransUnion is an out-of-control repeat offender that believes it is above the law. …TransUnion’s leadership is either unwilling or incapable of operating its businesses lawfully.” The Company could also face another investigation of its business practices with consumers.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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