Hypercom Nixes US Asset Sale Amid Antitrust Concerns

Law360, New York (May 20, 2011, 6:28 PM EDT) -- An antitrust suit from the U.S. Department of Justice has forced Hypercom Corp. to cancel a plan to shed its U.S. assets to Ingenico SA amid its $485 million acquisition by VeriFone Systems Inc., the regulator said Friday.

VeriFone and Hypercom — two of the country's three leading makers of point-of-sale terminals, or credit card swipe machines — said in a regulatory filing Thursday that the three companies had terminated the Ingenico sale agreement, but the merger would go forward.

In a complaint seeking to block...
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Case Information

Case Title

UNITED STATES OF AMERICA v. VERIFONE SYSTEMS, INC. et al


Case Number

1:11-cv-00887

Court

District Of Columbia

Nature of Suit

Anti-Trust

Judge

Gladys Kessler

Date Filed

May 12, 2011

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