According to a report in the Boston Globe, TJX has settled a lawsuit brought by the Louisiana Municipal Police Employees’ Retirement System, a TJX stockholder, which had alleged that the TJX board of directors failed to protect customers’ personal data, apparently in connection with Alberto Gonzalez breach. Bloomberg News has reported the case was settled for $595,000 in legal fees and an agreement regarding enhanced oversight of customer files. There is no reference to this suit in TJX’s most recent Form 10-Q.
Copyright © 2020, Foley Hoag LLP. All rights reserved.