Heartland, Visa Settle Data Breach Issues For $60M

Law360, New York (January 8, 2010, 5:02 PM EST) -- Credit card transaction vendor Heartland Payment Systems Inc. has agreed to pay about $60 million in an agreement with Visa USA Inc. to settle potential claims arising from a data security breach in 2008 where about 130 million debit and credit card numbers were stolen.

The agreement, filed Friday with the U.S. Securities and Exchange Commission and subject to certain conditions, seeks to avoid more legal action at a time when Heartland already faces multidistrict litigation in the U.S. District Court for the Southern District of...
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