Chase Paymentech Wins Lawsuit Against Golf Club Maker

Released on: January 28, 2008, 9:33 am

Press Release Author: Munck Butrus Carter, P.C.

Industry: Law

Press Release Summary: 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.

Press Release Body: 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."

Munck Butrus Carter, P.C., has carved out a practice devoted to trials, transactions
and technology. With offices in Dallas and Marshall, Texas, the firm offers
full-service counsel in the areas of commercial litigation, intellectual property
management, protection and litigation, corporate transactions and securities and
employment. Munck Butrus Carter represents clients from start-ups to Fortune 500
companies.

Learn more about the firm at www.munckbutrus.com.

Web Site: http://www.munckbutrus.com

Contact Details: Munck Butrus Carter, P.C.
600 Banner Place Tower
12770 Coit Road
Dallas, Texas 75251

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