LAWSUITS NEWS & LEGAL INFORMATION
TJX Credit Card Information
Boston, MA: (Oct-10-07) A lawsuit was filed against TJX Cos., the parent of stores including TJ Maxx and Marshalls, alleging that customers suffered ill effects after their credit card information was stolen from the retailer. Previously TJX had offered to give $30 store vouchers to certain customers who had lost time or money as a result of the loss of the data, valuing their time at $10 an hour. The move came under attack after consumer advocates said the vouchers wouldn't effectively penalize TJX, because the vouchers could be used only in company stores.
As part of a revised settlement, the company agreed to still offer the vouchers but would give customers the option of getting a check instead. Though the company hasn't described the exact costs of the settlement, officials claimed that it would be within the parameters of its previous estimates that put the total costs of dealing with the breach at about $256 million. Under the new deal, customers whose credit card information was stolen from the retailer could get $15 checks as compensation. [NEWS OBSERVER: TJX DATA]
Published on Oct-11-07
As part of a revised settlement, the company agreed to still offer the vouchers but would give customers the option of getting a check instead. Though the company hasn't described the exact costs of the settlement, officials claimed that it would be within the parameters of its previous estimates that put the total costs of dealing with the breach at about $256 million. Under the new deal, customers whose credit card information was stolen from the retailer could get $15 checks as compensation. [
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