Global Payments Fights $135M Contract Breach Verdict
Law360 (February 24, 2021, 7:54 PM EST) -- Global Payments Direct Inc. urged the Georgia Court of Appeals on Wednesday to reverse a $135 million verdict against it and order a new trial in a contract breach case brought by another electronic payment processing company.
Global Payments, headquartered in Atlanta, said a Georgia state trial court was wrong to let a jury accept a Frontline Processing Corp. expert's opinion that its value had diminished by about $109 million because of Global Payments' efforts to end their business relationship.
The Montana-based Frontline solicited merchants for Global Payments for years but the companies' relationship soured after both were sued in March...
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