The sale of practically $2 million in company inventory by high-level Equifax executives shortly after the corporate realized of a significant knowledge breach has sparked public outrage that would flip into one other hurdle for the credit standing company.
The gross sales all occurred earlier than the corporate publicly reported the breach, a disclosure that rapidly despatched its inventory tumbling greater than 13 p.c Friday. The timing of the gross sales might entice federal scrutiny, authorized consultants say, although proving insider buying and selling could be tough. An organization spokeswoman mentioned the executives didn’t know concerning the breach once they bought their shares.
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