Wednesday - June 24, 2009
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. Framingham, Mass.-based TJX 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. However, TJX stressed that it "firmly believes" that it did not violate any consumer protection or data security laws.
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