Payment Card Transactions Lawsuit

TravelCenters to pay $5 million settlement in antitrust lawsuit.

Payment Card Transactions

Westlake, OH: (May-01-08) Flying J Inc. and its affiliates brought a civil antitrust litigation against TravelCenters of America LLC (TA), alleging that the company had been involved in a conspiracy with others, refusing to process payment card transactions using the TCH electronic processing platform. The suit claimed that the TCH platform is operated by TCH LLC, which is mainly owned by Flying J. The two companies have been locked in the legal battle even after TA became a publicly owned company in early 2007.

Sources familiar with the negotiations stated that as part of a settlement reached in the case, TA agreed to pay $5 million to Flying J and its affiliates in connection with the litigation. Additionally, at the same time, TA announced that it will enter arrangements by which TCH LLC, an affiliate of Flying J, will process payment card transactions on the TCH electronic platform. Company officials said that the arrangements to process TCH payment card transactions at TA locations are being undertaken on a non-exclusive basis. TA currently anticipates that it's locations will continue to accept payment cards using electronic platforms other than TCH as they have in the past. TA did not admit any wrongdoing in the case, but said that since it had spent almost $8million in defending the suit, it sought to avoid future costs and risks that could accompany a prolonged case. [CENTRE DAILY TIMES: TRAVELCENTERS OF AMERICA LLC ANNOUNCES SETTLEMENT OF LITIGATION AND AGREEMENT TO PROCESS PAYMENT CARD TRANSACTIONS ON THE TCH PLATFORM]

Legal Help

If you have a similar problem and would like to be contacted by a lawyer at no cost or obligation, please click the link below. Related Law Suits

Payment Card Transactions Law Suit and Settlement

$13.75 Million Settlement Approved in Leap Class Action Law Suit and Settlement

$5.5 MIllion Settlement Law Suit and Settlement

$2.1 Million Settlement Law Suit and Settlement

Too Much Debt Law Suit and Settlement

Treasurer Embezzlement Law Suit and Settlement

Loan Agreement Law Suit and Settlement

Jail Funds Law Suit and Settlement

Contract Extortion Law Suit and Settlement

Auto Financing Law Suit and Settlement

See more stories from this source.

Class Action Law Suits

Newsworthy Law Suits
Defective Products Lawsuits
Discrimination Lawsuits
Drug & Medical Claims Lawsuits
Food & Dietary Supplement Lawsuits
Insurance Lawsuits
Malpractice Lawsuits
Personal Injury Lawsuits
Real Estate Lawsuits
Investment Fraud Lawsuits

Lawyers! Become an Approved Expert to Answer Questions.

Apply Now!
You'll get lots of targetted traffic to your website and new client leads!