Six Out of Seven Bank-Plaintiffs Settle With TJX

Law360, New York (December 19, 2007, 12:00 AM EST) -- Six banks and banking associations settled with TJX Companies Inc. Tuesday over what has been called the largest retail data security breach in U.S. history, while the seventh bank-plaintiff saw its action remanded to a state court.

The settling plaintiffs will drop claims that TJX, which operates off-price retailers T.J. Maxx and Marshalls, violated data security system rules thereby permitting anywhere from 45 million to 100 million customer credit- and debit-card numbers to be exposed to hackers, TJX announced.

In return, the settling plaintiffs will receive...
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