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Nearly half of Connecticut’s residents were affected by the breach.
The company will send notices to borrowers about the cancelled debt.
"Many of these vehicles are still on the road today," said Connecticut Attorney General William Tong.
"We cooperated fully with our regulators in these inquiries," said a company spokesperson.
Xerox CEO John Visentin said the settlement will "also unlock significant unrealized value for our shareholders."
Connecticut will receive $18.8 million and New York will receive $71.9 million.
The $117 million deal involving Johnson & Johnson and its subsidiary Ethicon Inc. is the fourth-largest consumer protection health fraud multi-state settlement in U.S. history.
25 Grant Street LLC was accused of violating the Federal Debt Collection Procedures Act.
The data breach occurred on Sept. 7, 2017, and impacted more than 147 million consumers, or 56 percent of American adults.
“We are beginning to engage in discussions with the individuals who are responsible for this crisis,” James said in an interview with the Business Journal.
The Oklahoma Supreme Court rejected an appeal by Purdue Pharma to delay the state’s May trial against the company.
"Companies should never be allowed to freely mislead the public, especially when there are health concerns involved," New York Attorney General Letitia James said.
New York Attorney General Letitia James said the companies tried to "pollute their way to the bank."