According to a press release an investigation on behalf of investor in Heartland Payment Systems, Inc. (NYSE: HPY) concerning possible securities violations related to public statements made by the Company between August 5, 2008 and February 23, 2009 was announced.

According to the press release the investigation by a law firm focuses on allegations that statements made by Heartland Payment Systems, Inc (Heartland) between August 5, 2008 and February 23, 2009 were false and misleading and failed to disclose or indicate, among other things, that Heartlands safety and security measures designed to protect consumers' financial records and data from security breaches were inadequate and ineffective; Heartland faced liabilities associated with a breach of its payment processing network and increasing costs associated with implementing appropriate security measures; and as a result of a breach its payment processing network, Heartland was at risk of losing customers. Heartland Payment Systems, Inc. is primarily engaged in providing bank card payment processing services to merchants in the United States.