SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 10 , 1997
(October 20, 1997)
FIRST USA PAYMENTECH, INC.
(Exact Name of Registrant as Specified in Charter)
DELAWARE 1-14224 75-2634185
(State or Other (Commission (IRS Employer
Jurisdiction File Number) Identification No.)
of Incorporation)
1601 ELM STREET, SUITE 800, DALLAS, TEXAS 75201
(Address of Principal Executive Offices) (Zip Code)
214-849-2000
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS
On October 10, 1997, a putative class action suit
was commenced by a stockholder of First USA Paymentech,
Inc., a Delaware corporation ("Paymentech"), in the
United States District Court, Northern District of Texas,
against Paymentech and certain of its officers. The
complaint alleges, among other things, that the
defendants violated United States securities laws by
publicly issuing false and misleading statements and
omitting to disclose material adverse information
regarding Paymentech's business during the period from
April 15, 1997, the date on which Paymentech issued a
press release announcing its financial results for the
third quarter of fiscal year 1997, to September 24,
1997, the date on which Paymentech announced that it was
restating and revising its previously announced results
for the fourth quarter of fiscal year 1997. The
complaint also alleges that as a result of such alleged
violations, the price of Paymentech common stock was
artificially inflated at the time stockholders in the
class acquired their stock. The complaint seeks monetary
damages as compensation for the losses the stockholders
in the class allegedly incurred. The defendants have not
yet answered the complaints, but intend to defend these
actions vigorously.
SIGNATURE
Pursuant to the requirements of the Securities Exchange
Act of 1934, the registrant has duly caused this report
to be signed on its behalf by the undersigned hereunto
duly authorized.
Date: October 20 , 1997
FIRST USA PAYMENTECH, INC.
(Registrant)
By: /s/ Philip E. Taken
------------------------------
Name: Philip E. Taken
Title: Chief Administrative Officer
and General Counsel
