Pre-Paid Legal Services Inc: Key Developments

by louabbott on September 12, 2005

MSN Money – September 12, 2005

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Pre-Paid Legal Services, Inc. announced that a putative class action lawsuit originally filed in 2002 in the United States District Court for the Western District of Oklahoma against it and certain of its executive officers in the matter of Caroline Sandler, et al. v. Pre-Paid Legal Services Inc., et al has been dismissed voluntarily. This case involved various claims on behalf of associates relating to the Company’s marketing plan. The Company also announced recent post trial developments in a Mississippi lawsuit, Laura Bradley et al. v. Pre-Paid. In a ruling last month, the Judge overturned the jury’s finding of fraud and fraudulent misrepresentation on the grounds that the evidence was insufficient to support those claims, and reduced the damages awarded by the jury in the total amount of $45,000 to a total of $524.95.

Read more recent Pre-Paid Legal Services at MSN Money

Also, read our company overview:  Pre-Paid Legal Facts, News and Review

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