Heartland Wins Approval For $1M Hacking Settlement

Law360, New York (March 22, 2012, 7:35 PM EDT) -- A Texas federal judge on Tuesday approved Heartland Payment Systems Inc.'s $1 million settlement to resolve its dispute with a class of credit and debit cardholders accusing the payment processing company of negligence in failing to stop hackers from obtaining card information for 130 million accounts.

In a 74-page opinion, U.S. District Judge Lee H. Rosenthal said that although Heartland had in 2009 agreed to pay a settlement up to $2.4 million, which included the $1 million dollar payment to resolve consumer claims as well as...
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