Heartland Ends Payment Processing Antitrust Case

By Erin Coe

Law360, New York (March 17, 2010, 6:15 PM ET) -- Heartland Payment Systems Inc. has resolved a case alleging rival Chase Paymentech Solutions LLC and others engaged in an anti-competitive scheme to corner the payment processing market in the restaurant industry.

Judge Freda L. Wolfson of the U.S. District Court for the District of New Jersey on Tuesday dismissed the suit without prejudice and without costs after being notified that the case had been settled in its entirety.

The parties have 60 days to reopen the action if the settlement is not consummated, the order said....
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