Banks Bid For Class Certification In TJX Suit

Law360, New York (September 10, 2007, 12:00 AM EDT) -- A group of bankers associations has asked a judge to certify a class that could include all the banks in the United States in a lawsuit against retailer TJX Companies Inc. over a security breach that reportedly resulted in the theft of 45 million consumer credit and debit card numbers.

The associations, joined by banks as well, claim that TJX violated the data security system rules required by Visa and MasterCard and did not properly store confidential customer information.

The breach was pricey for banks because...
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