District Court

Heartland Payment Systems,a  leader of credit/debit/prepaid card processing, payroll, check management and payment services provision, announced Wednesday that two days before its motion to dismiss the consolidated shareholder class action, In Re Heartland Payment Systems, Inc. Securities Litigation, was granted by the US District Court for the District of New Jersey.

Three former executives at now-bankrupt lender New Century Financial Corp were charged with fraud by U.S. securities regulators on Monday, the latest government effort to pursue wrongdoing in the subprime mortgage market.

The U.S. Securities and Exchange Commission accused the three executives of trying to disguise New Century's rapidly deteriorating performance from investors while releasing weekly internal reports entitled "Storm Watch."