TJX agrees to settlement of customer class action lawsuits
The settlement is subject to court approval and other conditions. The estimated costs for this settlement were reflected as part of the company's previously reported fiscal 2008 second quarter charge and estimated fiscal 2009 non-cash costs. Carol Meyrowitz, president and CEO of The TJX Companies, said: "From the inception of our company, our customers have always come first. We deeply regret any inconvenience our customers may have experienced as a result of the criminal attack on our computer system. Importantly, we truly appreciate our customers' continued patronage. TJX has been working diligently to reach a settlement that offers a good resolution for our customers. This settlement agreement addresses the different ways customers have told us they have been impacted by the intrusion(s)."