Pre-Paid Legal Services Defeats the Shorts, According to
Flaherty Financ. News - WEST HARRISON, N.Y. -
(Business Wire) - July 13, 2007 - Flaherty Financial
News first issue is devoted to an overview of the bitter
seven-year bear raid at Pre-Paid Legal Services.
Flaherty's conclusion: the short sellers have finally
been defeated and are in full retreat as PPD shares have
hit record levels. The once bloated short position of
11.7 million shares has shrunk 88% to only 1.4 million
shares...
Pre-Paid Legal Services Enjoys Great Business Model, Few
Competitors Posted on May 18th, 2007 with
stocks:
PPD Seeking Alpha - New York, NY, USA Alex
Shadunsky submits: Pre-Paid Legal Services (PPD) ...
sells exactly what its name states, pre-paid legal
services. ...
Pre-Paid Legal
cancels buy-back plan [Registration Required] Source:
Oklahoma City Daily Oklahoman, NewsOK.com, News9 (OK) 11/15/06
7:45 AM (468714266)
Pre-Paid Legal Services on Tuesday abruptly canceled a planned
stock purchase just four days after announcing it would pay $27.4
million to buy 12 percent of four company insiders' holdings. ...
executives acknowledge that the stock buy-back could hurt short
sellers, who are betting that share prices will fall.
Strange Doings
Afoot At Pre-Paid Legal Seeking Alpha Posted on
Nov 13th, 2006 ... Pre-Paid Legal (PPD) announced a share buy back
of 639,000 shares from four insiders. The deal was priced by the
closing trade on Friday. Approved by the Board, the purchase
represents 11 to 12 days of trading volume according to the
trailing 3 month daily volume average. ... The company apparently
did not want to sell the shares on the open market. Hmm.
Business down at legal company Oklahoma City Daily
Oklahoman, NewsOK.com, News9 7/4/06 7:42 AM ... sales
associates recruited during the quarter to Pre-Paid's multilevel
marketing network totaled 45,517, a 53 percent decline from the
number that signed up in the ...
Pre-Paid Legal Toll Mounts TheStreet.com 12/15/05 9:56
AM ... grow the customer base. It relies heavily on
multilevel marketing, a controversial selling strategy made famous
by Amway. Go to RELATED STORIES Market Features ...
Verdict Hammers Pre-Paid Yahoo! News 11/16/05 3:20
PM ... the opportunity to sell its policies through the
multilevel marketing technique made famous by Amway. Pre-Paid
critics claim that the company targets the working poor, ...
Pre-Paid Legal Services, Inc. Announces Litigation Developments
September 12, 2005 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.
Sep 9, 2004
PRE-PAID LEGAL SERVICES REPORTS CLASS CERTIFICATION DENIED
All Pre-Paid Legal Press Releases
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