FRAMINGHAM - TJX Cos. said it has reached a settlement with several financial institutions tied to the massive data breach of customer information in 2005 and 2006.
TJX Cos., the chain that owns discount retailers T.J. Maxx and Marshalls, said it paid $525,000 under the settlement - primarily reimbursing the banks for some of their expenses that stemmed from litigation tied to the incident. The four remaining financial institutions that sought to join as plaintiffs in a class-action suit - AmeriFirst Bank, HarborOne Credit Union, SELCO Community Credit Union, and Trustco bank - agreed to drop all their claims against TJX.
