Heartland Payment Systems, Inc. reached a settlement with MasterCard on May 19, 2010 for losses resulting from Heartland's massive 2008 data security breach.
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On December 7, 2009, a federal district court sitting in New Jersey dismissed a securities fraud class action lawsuit against Heartland Payment Systems arising from a massive breach of credit and debit card information and, in doing so, reinforced the difficulties private plaintiffs face in bringing data breach lawsuits under the federal securities laws.… Continue Reading
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