Lawsuit involving illegal business practices filed in California
In virtually any industry, having even the slightest advantage over a competitor can potentially increase business and profits by considerable amounts. Because of this, it is unfortunately not uncommon for companies to partake in illegal business practices to get ahead. These procedures can lead to costly and highly detrimental corporate disputes involving competing parties.
A federal lawsuit filed in California aims to restore the entire worth of prospects and merchants that one business has allegedly wrongfully drawn from another. The suit asserts that Mercury Payment Systems has utilized delusive trade practices to illegally contend with Heartland Payment Systems. Mercury apparently stated that it will maintain against the lawsuit that involves issues like unfair competition and false advertising.
Another requisition of the lawsuit is to halt Mercury’s allegedly deceptive pricing procedures. Mercury conveyed pride regarding its apparent low attrition and high satisfaction ratios during the last decade among merchant obtainers. Annually, misleading pricing can cost small merchants hundreds to thousands of dollars without their knowledge, according to a Heartland executive. Heartland contests that Mercury is deceitfully hiding extra profits in interchange fees and disorienting merchant customers.
When deceptive trade practices persist, these matters can disadvantage aggrieved entities so severely that any future success may be nearly impossible to achieve. The resulting business disputes may lead to litigation that is aimed at recovering financial losses. If your company has been subjected to illegal business practices, you may wish to contact an unfair trade practices lawyer to learn more about your legal options.