A Princeton, N.J.-based company that failed to protect itself against an off-the-scale computer data breach has succeeded in fending off a securities fraud action over the resulting losses to investors. In 2008, hackers stole information on 130 million credit card and debit card accounts from Heartland Payment Systems, which processes payroll and credit card payments for more than 250,000 businesses and handles about 100 million transactions per month.
Company That Was Cyber-Heist Victim Is Spared Liability to Its Stockholders
New Jersey Law Journal
December 9, 2009