TJX Cos. to Pay $9.75 Million in Data Theft Settlement

The parent company of retailers T.J. Maxx and Marshall's will pay $9.75 million in a settlement with multiple states related to a massive data theft that exposed tens of millions of payment card numbers. Framingham, Mass.-based TJX Cos. said it will pay $2.5 million to create a data security fund for states as well as a settlement amount of $5.5 million and $1.75 million to cover expenses related to the states' investigations.