Legalshield Legal Plans For Individuals, Households And Smaller Enterprises
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TheStreet.com also noted that the company had had some good results in court, including the overturning of a fraud verdict and the defeat of a class action lawsuit alleging the business was a pyramid scheme. The corporation and the Oklahoma Chamber of Commerce, which had Stonecipher on its board of directors, called the lawsuits "frivolous" and "abusive". In November 2006, Pre-Paid announced plans to commit $27.four million to repurchase shares owned by executives. LegalShield plans offer the most complete and economical help out there.
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A jury ruled in favor of the corporation in the initial suit. In the second, a jury found Pre-Paid and Stonecipher guilty of deceptive advertising and fraud and essential them, in November 2005, to spend $9.9 million in punitive damages. TheStreet.com reported that Pre-Paid faced more lawsuits filed by 400 Mississippi plaintiffs.
In January 2011, Pre-Paid Legal agreed to merge with entities formed by MidOcean Partners, a New York private equity firm that describes itself as "focused on the middle industry". The deal closed on June 30, 2011, and the firm when once again became privately held. In July 2011, Rip Mason started serving as LegalShield’s CEO. On September ten, 2011, the organization announced that it would adjust its name to LegalShield as portion of an all round re-branding initiative. In 2004, roughly 250 plaintiffs filed about 30 lawsuits in Alabama against Pre-Paid, all of which have been dismissed or settled by 2006. Pre-Paid faced two lawsuits in Mississippi, a single in October 2004, and the other in February 2005.
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Find out what is included in every single strategy to choose which one is right for you. The legalshield (the full report) app keeps you in contact with your legal team—even when you need emergency legal access.
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