Fergie's Tech Blog

TJX Revises Consumer Settlement, Agrees To Pay Cash

Evan Schuman writes on StorefrontBacktalk:

Hours before a federal judge demanded that TJX address key concerns about its proposed settlement, the merchant behind the biggest retail data breach ever agreed to some key changes, including offering a cash alternative to its voucher offer.

The biggest objection to the initial proposed settlement had been that consumer victims were only offered $30 vouchers for making purchases at TJX. Under a new proposed settlement that was filed late Tuesday, attorneys for both sides are now proposing giving consumers a choice: either the $30 voucher or a $15 check.

posted by Fergie @ 10/09/2007 06:26:00 PM