Legal Opinion

National Data Payment Systems, Inc v. Meridian Bank Corestates Financial Corporation

Court of Appeals for the Third Circuit

Decided May 19, 2000No. 99-1445PublishedCited by 37 opinions

1Opinion of the Court

OPINION OF THE COURT

ALITO, Circuit Judge:

Appellant National Data Payment Systems, Inc. (“NDPS”) entered into a contract to purchase Meridian Bank’s (“Meridian”) merchant credit card business. The parties failed to close the deal prior to the contractual- termination date. After the termination date had passed, Meridian exercised its option to call off the deal. NDPS brought suit against Meridian for breach of contract, alleging that it had failed to exercise its best efforts to bring the deal to a close. NDPS also sued CoreStates Financial Corp. (“CoreStates”), which had announced its planned…

2Cases cited15 opinions

  1. Brokerage Concepts v. US Healthcare Inc (Part II)Court of Appeals for the Third Circuit · 1998
  2. Amerinet, Inc. v. Xerox Corp.Court of Appeals for the Eighth Circuit · 1992
  3. Advent Systems Limited, in No. 90-1069 v. Unisys Corporation, in No. 90-1070Court of Appeals for the Third Circuit · 1991
  4. College Watercolor Group, Inc. v. William H. Newbauer, Inc.Supreme Court of Pennsylvania · 1976
  5. Glazer v. ChandlerSupreme Court of Pennsylvania · 1964

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3Cited by37 opinions

  1. ACUMED LLC v. Advanced Surgical Services, Inc.Court of Appeals for the Third Circuit · 2009
  2. John J. Martin, Esquire, Trustee in Bankruptcy v. Monumental Life Insurance Co. Monumental General Mass Marketing, Inc. Monumental General Insurance Company Bankers United Life Assurance Company Aegon Usa, Inc. Monumental General Insurance Group, IncCourt of Appeals for the Third Circuit · 2001
  3. ID Security Systems Canada, Inc. v. Checkpoint Systems, Inc.District Court, E.D. Pennsylvania · 2003
  4. Alpha Pro Tech, Inc. v. VWR International LLCDistrict Court, E.D. Pennsylvania · 2013
  5. Siaca v. DCC Operating, Inc. (In Re Olympic Mills Corp.)Bankruptcy Appellate Panel of the First Circuit · 2005

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