http://www.computerweekly.com/Articles/2009/03/17/235295/heartland-data-breach-triggers-class-action-suit.htm [Heartland Payment Systems trades as: NYSE:HPY - WK] By Warwick Ashford ComputerWeekly.com 17 Mar 2009 Heartland Payment Systems faces a class action lawsuit from investors who claim they lost money followinga breach of its debit and credit card processing systems in 2008. The company revealed on 20 January that its systems had been compromised by hackers, exposing card account numbers, expiry dates and data from the card's magnetic stripe. Heartland said in a small number of cases cardholder names were also potentially at risk, but no personal identification numbers had been exposed. An investor has filed a proposed class action in the US district court of New Jersey on behalf of all other investors in Heartland between August 2008 and February 2009. The complaint alleges that Heartland issued false or misleading statements and failed to disclose material adverse facts about its business, operations and prospects during that period. Heartland's shares during that period also declined from $21.84 per share, or approximately 80%, from its high of $27.19 per share in September 2008. [...] _______________________________________________ Best Selling Security Books and More! http://www.shopinfosecnews.org/Received on Wed Mar 18 2009 - 00:28:07 PDT
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