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Re: mick post# 3084

Saturday, 09/22/2007 6:20:34 PM

Saturday, September 22, 2007 6:20:34 PM

Post# of 3310
TJX Cos agrees to settlement of customer class actions; subject to court approval; estimated costs of settlement already reflected and disclosed (TJX) 30.09 -0.34 : Co reported that it has entered into a Settlement Agreement with respect to the customer class actions in the United States, Canada and Puerto Rico relating to customer claims arising from the criminal intrusion(s) into TJX's computer system. The settlement is subject to court approval and other conditions. The estimated costs for this settlement were reflected as part of the Co's previously reported FY08 Q2 charge and estimated FY09 non-cash costs. Estimated costs to TJX related to this settlement were reflected as part of the $107 mln (after tax) reserve for estimated potential losses from the intrusion(s) recorded in the Co's FY08 Q2 and previously reported estimated future non-cash charges of $21 mln (after tax) anticipated to be taken in FY09.



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