Judge considers giving final approval to TD Ameritrade settlement

Josh Funk of Associated Press reports:

The settlement over contact information stolen from online brokerage TD Ameritrade Holding Corp. is nearing approval, but the more than 6 million current and former customers affected will have to wait a little while longer.

A hearing on the settlement was held Thursday, but U.S. District Judge Vaughn Walker in San Francisco did not rule on the deal, which offers customers anti-spam software and a promise of tighter security at TD Ameritrade.

Walker, who gave preliminary approval to the settlement in May, is expected to issue his final ruling later.

[…]

As part of the proposed settlement, the Omaha-based company will pay nearly $1.9 million in legal fees and cover the cost of one year of anti-spam service for the victims. Ameritrade also promised to better protect customer data.

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