TJX Finally Closes Book on Breach with $525k Settlement

FRAMINGHAM – TJX Cos. has settled with the remaining financial institutions that hadn’t previously agreed to settle claims against the Framingham-based retailer for a data breach that took place in 2005 and 2006.



TJX said on Wednesday that it paid $525,000 to AmeriFirst Bank, HarborOne Credit Union, SELCO Community Credit Union and Trustco Bank, primarily to reimburse them for a portion of their legal expenses in the class action suit against TJX.



The retailer, which settled the case with most of the financial institutions in December 2007, denied any wrongdoing.



In hindsight, I bet that Alex Gonzalez, a.k.a. "SoupNazi" would've taken half that amount for a one-year contract as a consultant to TJX...where he could have exposed the inherent weakness he exploited.  But he decided to go another route...