December 7, 2009 - The court granted defendants' motion to dismiss and dismissed the case with prejudice.
September 25, 2009 - Defendants filed a motion to dismiss.

August 20, 2009 - The lead plaintiffs filed an amended consolidated complaint on behalf of investors who purchased Heartland Payment Systems Inc (NYSE: HPY) common shares between February 13, 2008 and February 23, 2009. The plaintiffs allege that the defendants violated the Securities Exchange Act of 1934 by issuing false and misleading statements between February 13, 2008 and February 23, 2009.

May 27, 2009 - Lead plaintiffs and lead counsel were appointed and all cases were consolidated.

May 5, 2009 - Lead plaintiff motions were filed.

April 3, 2009 - Another investor filed a complaint.

March 19, 2009 - Another investor field a complaint.

March 6, 2009 - An investor in shares of Heartland Payment Systems Inc (NYSE: HPY) filed a lawsuit in the U.S. District Court for the District of New Jersey over alleged violations of Federal Securities Laws by Heartland Payment Systems Inc in connection with certain allegedly false and misleading statements made between August 5, 2008 and February 23, 2009.

According to the complaint the plaintiff alleges that Heartland Payment Systems Inc and certain of its executive officers violated Federal securities laws by issuing false and/or misleading statements between August 5, 2008 and February 23, 2009, and failed to disclose material adverse facts about the its business, operations and prospects. Then on January 20, 2009, Heartland Payment Systems Inc revealed that the its payment processing network had been breached by malicious software, exposing tens of millions of debit cardholders to fraud. As consumers used their debit cards, so-called “sniffer software” had been capturing, among other things, card numbers, expiration dates and cardholder names. According to an article published that same day in The New York Times, the breach occurred as early as May 2008.

On this news, shares of Heartland Payment Systems Inc declined $1.26 per share, or 8.16%, to close on January 20, 2009, at $14.18 per share, on unusually heavy volume. Over the next two days, shares of Heartland Payment Systems Inc further declined $6.00 per share, or an additional 42.31%, to close on January 22, 2009 at $8.18 per share.

On February 24, 2009, Heartland Payment Systems Inc announced it reported earnings for the 2008 fiscal year and fourth quarter. Heartland Payment Systems Inc posted a lower-than-expected quarterly profit and disclosed that it might incur losses from the recent security breach of its system and that it could not estimate the amount of losses that might be incurred in connection with the security breach.

On this news, shares of Heartland Payment Systems Inc declined $2.31 per share, or 30.12%, to close on February 24, 2009, at $5.34 per share, on unusually heavy volume. Between August 5, 2008 and February 23, 2009 shares of Heartland Payment Systems Inc’s common stock (NYSE: HPY) declined $21.84 per share, or approximately 80%, from its high of $27.19 per share on September 19, 2008.