TJX to Pay Almost $10m More to Settle Data Theft Case
TJX to pay millions to settle data theftT.J. Maxx, Marshall's parent reaches $9.75 million settlement
From Tribune staff - June 24, 2009
Discount retailer TJX Cos. reached a settlement with dozens of states, including Illinois, related to a massive data theft that occurred at the parent company of T.J. Maxx and Marshall's more than two years ago.
The Framingham, Mass.-based off-price retailer agreed to pay the states $9.75 million, of which Illinois will receive more than $440,000, for programs to enforce consumer protection laws, protect consumer data and provide consumer education.
An estimated $2.5 million of the overall settlement is earmarked to create a data security trust fund to be used by states' attorneys general to enforce and develop policy in the field of data security and personal information protection.
TJX admitted no wrongdoing as part of the settlement. The company believes it did not violate any consumer protection or data security laws.
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