Antitrust Suit V. Chase Paymentech To Go Forward

Law360 (September 30, 2008, 12:00 AM EDT) -- Top national payment processing firms accused of orchestrating an “elegant and insidious” scheme to corner the restaurant point-of-sale market in violation of the Sherman Act on Monday lost their bid to have an antitrust case thrown out of court.

Judge Freda L. Wolfson of the U.S. District Court for the District of New Jersey denied Chase Paymentech Solutions LLC's motion to dismiss tying and conspiracy claims. A motion to dismiss state law claims also was denied.

Paymentech competitor Heartland Payment Systems Inc. sued Paymentech, its subsidiary...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.