TD Ameritrade data theft settlement talks resume

A lawsuit over the theft of contact information for more than 6 million TD Ameritrade customers has been ordered into mediation, so the search for a satisfactory settlement will continue.

Last fall, U.S. District Judge Vaughn Walker in San Francisco rejected a proposed settlement last fall that offered anti-spam software and a promise of tighter security at TD Ameritrade. Walker ruled that deal offered little significant benefit to the Ameritrade customers affected.

Walker recently ordered more settlement talks under the supervision of a magistrate judge.

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