Pre-Paid Legal Services Announces FTC Developments

by louabbott on November 20, 2009

As a publicly traded company, Pre-Paid Legal (PPD) is required to disclose anything that may materially affect the stock and investors. Thus …

… on November 18, 2009, we received a proposed draft complaint from the Federal Trade Commission (“FTC”) seeking permanent injunctive relief, disgorgement of proceeds and other relief, including costs, relating to our Identity Theft Shield and Affirmative Defense Response System (“ADRS”) Program. The proposed draft complaint alleges our ADRS program and related materials violate Section 5(a) of the FTC Act regarding asserted misleading representations, express or implied. The proposed draft complaint also names Harland Stonecipher, our Chief Executive Officer, and Mark Brown, our Chief Marketing Officer, as defendants.

See StreetInsider.com for full article.

Also, see our overview of Pre-Paid Legal

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{ 2 comments… read them below or add one }

John Chatman December 19, 2009 at 2:03 am Thumb up 1 Thumb down 0

Hi Folks,
I can’t comment on the issues that PPL is having with their Identity Theft program but I can tell you that my mother has been a PPL client for a long time and has been quite satisfied with their services.

Just so you know I have never been nor will I be affiliated in any way with PPL so this isn’t a post made in self interest. I just happen to know from personal experience that these guys put up a solid product.

To Your Massive Success,

John

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Matias Leiva November 29, 2009 at 9:21 pm Thumb up 1 Thumb down 0

Pre Paid Legal is a solid company. I use their membership legal services every month for my network marketing business.

Highly recommended for any business owner.

Reply

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