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NATIONAL DATA PAYMENT SYSTEMS v. MERIDIAN BANK

No. 99-1445.

212 F.3d 849 (2000)

NATIONAL DATA PAYMENT SYSTEMS, INC, Appellant v. MERIDIAN BANK; CoreStates Financial Corporation.

United States Court of Appeals, Third Circuit.

Decided May 19, 2000.

Attorney(s) appearing for the Case

Robert N. Feltoon (Argued), Steven Pachman, Conrad, O'Brien, Gellman & Rohn, P.C., Philadelphia, PA, for Appellant.

G. Thompson Bell, III (Argued), Matthew W. Rappleye, Stevens & Lee, Reading, PA, for Appellees.

Before: SCIRICA, ALITO, and ALDISERT, Circuit Judges

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...

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