TravelCenters of America Settles Payment Card Transaction Case
WESTLAKE, Ohio -- TravelCenters of America LLC (TA) has agreed to settle a civil antitrust litigation brought by Flying J Inc. and its affiliates, which the company is defending, reported The Central Daily News.
This decision came on the heels of TA's announcement that it will enter into an agreement by which TCH LLC, an affiliate of Flying J, will process payment card transactions on the TCH electronic platform. The settlement requires TA to pay $5 million to Flying J and its affiliates.
The riff dates back to February 2006 when Flying J Inc., a competitor of TA, and affiliates of Flying J alleged that TA conspired against the company by refusing to process payment card transactions using the TCH electronic processing platform, which is majority owned by Flying J.
This litigation process dated up in early 2007 when TA became a publicly traded company. The Central Daily News reported that TA and its predecessor expensed roughly $8 million in legal fees and other costs related to this litigation. As a result of the settlement announced today, both parties have agreed to dismiss any pending litigation.
As a result of the settlement, TA also announced that it will enter into an agreement with TCH to process payment card purchases. TA expects that TCH payment cards will be accepted at all TA locations, including locations branded TravelCenters of America, TA and Petro Stopping Centers. The transition is set to take place after the settlement is approved by the court.
This decision came on the heels of TA's announcement that it will enter into an agreement by which TCH LLC, an affiliate of Flying J, will process payment card transactions on the TCH electronic platform. The settlement requires TA to pay $5 million to Flying J and its affiliates.
The riff dates back to February 2006 when Flying J Inc., a competitor of TA, and affiliates of Flying J alleged that TA conspired against the company by refusing to process payment card transactions using the TCH electronic processing platform, which is majority owned by Flying J.
This litigation process dated up in early 2007 when TA became a publicly traded company. The Central Daily News reported that TA and its predecessor expensed roughly $8 million in legal fees and other costs related to this litigation. As a result of the settlement announced today, both parties have agreed to dismiss any pending litigation.
As a result of the settlement, TA also announced that it will enter into an agreement with TCH to process payment card purchases. TA expects that TCH payment cards will be accepted at all TA locations, including locations branded TravelCenters of America, TA and Petro Stopping Centers. The transition is set to take place after the settlement is approved by the court.