TJX settles after data theft

Buffalo NewsJune 24, 2009

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Summary


The parent company of retailers T.J. Maxx and Marshall's will pay $9.75 million in a settlement with multiple states related to a massive data theft that exposed tens of millions of payment card numbers.

TJX Cos., which is based in Framingham, Mass., said Tuesday it will pay $2.5 million to create a data security fund for states as well as a settlement amount of $5.5 million and $1.75 million to cover expenses related to the states' investigations. But TJX stressed that it "firmly believes" that it did not violate any consumer protection or data security laws.

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TJX settles after data theft

TJX said the settlement's costs are already accounted for...

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