Heartland Payment Systems Shareholder Class Action Lawsuit Dismissed in US District Court
Judge Granted Heartland’s Motion to Dismiss with PrejudicePrinceton, NJ — December 9, 2009 ― — Heartland Payment Systems® (NYSE: HPY), a leading provider of credit/debit/prepaid card processing, payroll, check management and payment services, today announced that on December 7, 2009, the United States District Court for the District of New Jersey, granted Heartland’s motion to dismiss the consolidated shareholder class action, titled In Re Heartland Payment Systems, Inc. Securities Litigation, which had been filed against Heartland, Robert O. Carr, Heartland’s Chairman and Chief Executive Officer and Robert H.B. Baldwin, Jr., Heartland’s President and Chief Financial Officer. The case, which arose out of the breach to the company’s processing system previously disclosed by the Company on January 20, 2009, was dismissed in its entirety with prejudice.
About Heartland Payment Systems
Heartland Payment Systems (NYSE: HPY), the 5th largest payments processor in the United States, delivers credit/debit/prepaid card processing, payroll, check management and payments solutions to more than 250,000 business locations nationwide. Heartland is the founding supporter of The Merchant Bill of Rights, a public advocacy initiative that educates merchants about fair credit and debit card processing practices. For more information, please visit HeartlandPaymentSystems.com, MerchantBillOfRights.com, CostOfABurger.com and E3secure.com.
Contacts