Pre-Paid Legal Services, Inc. Faces Shareholder Investigation

An analysis on account of investors in Pre-Paid Legal Services, Inc. (Public, NYSE:PPD) over accessible violations of Federal Securities Laws by PRE PAID LEGAL SVCS (NYSE: PPD).

Those who purchased Pre-Paid Legal Services, Inc. (PPD) (NYSE:PPD), may be afflicted and should acquaintance the Shareholders Foundation, Inc. at email: mail(at)shareholdersfoundation.com or at: +1 (858) 779 - 1554.

According to the analysis by a law close Pre-Paid Legal Services Inc. may accept abandoned Securities Laws. The analysis focues on the afterward contempo events: On October 6, 2009, Pre-Paid Legal Services appear the cancellation of a amendment from the Division of Enforcement of the United States Securities and Exchange Commission in affiliation with a “fact-finding inquiry”. Pre-Paid Legal’s columnist absolution from October 6, 2009 declared as follows apropos the investigation: “The amendment requires us to aftermath a array of abstracts pertaining to our treasury banal repurchase program; our ADRA affairs and added business practices; associates statistical information; articulation reporting; the FTC accident disclosure; and added operational practices.” Additionally, Pre-Paid Legal Services Inc. declared that it was aswell responding to comments accustomed from the Division of Corporation Finance of the SEC pertaining to its Form 10-K for the budgetary year concluded December 31, 2008.

On October 6, 2009, Pre-Paid Legal’s accepted banal beneath by $9.23 per share, about 18%, from $51.73 per allotment to abutting at $42.50 per allotment on added than accepted volume.

Pre-Paid Legal Services, Inc., amid in Ada, OK, designs, underwrites and markets acknowledged amount plans. Pre-Paid Legal’s activity contest acknowledged affairs (referred to as Memberships) accommodate for a array of acknowledged services. In a lot of states and provinces, accepted plan allowances cover antitoxin acknowledged services, motor car acknowledged aegis services, balloon aegis services, centralized acquirement account (IRS) analysis casework and a 25% abatement off acknowledged casework not accurately covered by the Membership. Pre-Paid Legal Services appear in 2007 Total Revenue of $457.09million with a Net Income of $51.20million and in 2008 Total Revenue of $464.49million with a Net Income $60.17million. Shares of Pre-Paid Legal Services shares (PPD) traded afresh at $42.09 per share, down from its 52weekHigh of $52.05 per share, $55.98 per allotment in February 2008, and $68.51 per allotment in July 2007.