TJX Data Breach Litigation: Judge Denies Class Certification
Evan Schuman reports that the district judge overseeing the TJX Data Breach litigation denied the motion for class certification filed by plaintiff banks. (Access a pdf copy of that order here.)
Meanwhile:
Further complicating whether any of the plantiff banks would pursue independent lawsuits was a Friday statement issued jointly by TJX and Visa. Here's the full text of the Visa/TJX Agreement.
That Visa/TJX statement said that Visa would forgive "a portion" of the $880,000 that Visa had imposed on TJX's credit card processor. In exchange, TJX will pay an unspecified amount—all that the two said was that it wouldn't exceed $40.9 million—to an unspecified number of plaintiff banks.
(Links contained in the original.) That Visa/TJX statement said that Visa would forgive "a portion" of the $880,000 that Visa had imposed on TJX's credit card processor. In exchange, TJX will pay an unspecified amount—all that the two said was that it wouldn't exceed $40.9 million—to an unspecified number of plaintiff banks.
As Evan notes, looks like a nice early xmas present for all involved (except for the consumers I would guess).
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