Source: Heartland Payment Systems
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 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.