Chase Paymentech Wins Lawsuit Against Golf Club Maker

PRLog (Press Release) – Jan 28, 2008 – DALLAS – Dallas-based Chase Paymentech, a leading global payments firm, has won a legal battle against the manufacturers of the Spin Doctor RI Wedge golf club in a dispute over credit card processing of sales generated by television infomercials.

Judge Lorraine Raggio of the 162nd Civil District Court in Dallas entered a summary judgment in favor of Chase Paymentech in the lawsuit titled Spin Doctor Golf, Ltd. et al vs. Paymentech, LP et al.

Texas-based Spin Doctor Golf Inc. sued Chase Paymentech in 2001 over an alleged unwritten agreement that would have modified the terms of the processing agreement between the two companies. Chase Paymentech asserted that no such unwritten agreement existed.

In court documents, an expert for Spin Doctor estimated that the dispute cost the golf club maker between $43 million and $70 million.

But Judge Raggio found no damages against Chase Paymentech and characterized Spin Doctor’s damages claim as “highly speculative.” She issued the summary judgment in Chase Paymentech’s favor, awarding nothing to the Spin Doctor plaintiffs.

“We have said all along that Chase Paymentech provides credit card processing to its customers only with a written credit card services agreement,” says E. Leon Carter of Munck Butrus Carter, P.C., attorney for Chase Paymentech. “A summary judgment was the appropriate resolution to this case.”