PRE PAID LEGAL SERVICES News
Press releases and network marketing news for PRE PAID LEGAL SERVICES, archived on Npros.
PRE PAID LEGAL SERVICES press releases and updates
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Pre-Paid Legal Shareholders Approve Merger
Pre-Paid Legal Services, Inc. announced that Pre-Paid's shareholders adopted the previously announced merger agreement, dated January 30, 2011, among Pre-Paid, MidOcean PPL Holdings Corp. and PPL Acquisition Corp. at today's special meeting.More than 99% of the shares voting at the meeting were vote... Read more
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Pre Paid Legal To Host Convention
Following the recent announcement of the proposed merger acquisition by MidOcean Partners, Pre-Paid Legal Services, Inc. will march into the 2011 International Convention in Oklahoma City, April 7-9 with an ambitious agenda that focuses on both the future of the company and its history as a pioneer ... Read more
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Finkelstein Thompson LLP Announces Investigation of Pre-Paid Legal Services
WASHINGTON--(BUSINESS WIRE)--Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of Pre-Paid Legal Services, Inc. ('Pre-Paid Legal' or the 'Company') (NYSE:PPD) concerning the proposed acquisition of the Company by MidOcean Partners. Under the terms of the offer, Pre... Read more
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Pre-Paid Legal Announces Update on SEC Subpoena
Pre-Paid Legal Services, Inc.announced that, as a part of an ongoing inquiry by the Division of Enforcement of the Securities and Exchange Commission ("SEC"), we received an additional subpoena from the SEC on April 13, 2010. The subpoena requests us to provide documents relating to certain membersh... Read more
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Pre-Paid Legal documents subpoenaed by SEC
In an April 15, 2010 article by The Associated Press, Pre-Paid Legal has been subpoenaed by the Securities and Exchange Commission to produce documents related to complaints by customers, CEO Harland C. Stonecipher's resignation, and other issues.Replacing the 71 year old Mr. Stonecipher are two co-... Read more
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Pre-Paid Legal Hosts Oklahoma City Convention
OKLAHOMA CITY – One of Oklahoma City's largest conventions will open Thursday, as more than 12,000 associates of Pre-Paid Legal Services arrive in Oklahoma for the company's annual International Convention. The event is scheduled for Thursday through Saturday at the Cox Business Services Convention ... Read more
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Pre-Paid Legal Holds 10th Year Convention
OKLAHOMA CITY – One of Oklahoma City's largest conventions will open Thursday, as more than 12,000 associates of Pre-Paid Legal Services arrive in Oklahoma for the company's annual International Convention. The event is scheduled for Thursday through Saturday at the Cox Business Services Convention ... Read more
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Largest Pre-Paid Legal Shareholder May Sell Stock
Thomas W. Smith, the largest shareholder of Pre-Paid Legal Services Inc. resigned from the board and is considering whether to sell all his stock, which amounts to over 2 million shares, equal to 26 percent of the outstanding stock, the company said. According to the Ada-based company, Smith's depa... Read more
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Pre-Paid Legal Founder Steps Down
NEW YORK — Pre-Paid Legal Services, Inc. said Wednesday its CEO will step down and be replaced by two other company officers.Harland C. Stonecipher, 71, will be replaced on April 2 by co-CEOs Randy Harp, 54, and Mark Brown, 56. Harp, who is Pre-Paid's current chief operating officer, also will serve... Read more
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Pre-Paid Legal in the Orlando Sentinel
Pre-Paid Legal received mention in the Orlando Sentinal in an article about consumers and legal expenses: "Pre-Paid Legal Services Inc. recently identified the top services for which people use its attorneys:•Real estate: Help with transactions, landlord and tenant issues, foreclosures and short sal... Read more
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Pre-Paid Legal Announces 2009 Year-End Results
Pre-Paid Legal Services, Inc. (NYSE: PPD) reported new memberships produced and new sales associates enrolled for the fourth quarter and for the year ended December 31, 2009. During the 4th quarter of 2009, new sales associates enrolled increased 89.4% to 61,623 from the 32,533 enrolled in the 4th q... Read more
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Pre-Paid Legal Authorizes Stock Repurchase
Pre-Paid Legal Services Inc. (PPD: News ) said its Board authorized an additional repurchase of 1 million shares, as it has purchased virtually all of our previously announced stock repurchase authorizations totaling 15 million shares. We will make purchases at prices we consider attractive. The com... Read more
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Pre-Paid Legal Down Since Sell Recommendation
SmarTrend, our proprietary pattern recognition system, called a Downtrend for Pre-Paid Legal Services (NYSE:PPD) on October 06, 2009 at $47.04. Since then, Pre-Paid Legal Services has returned 12.9% as of today's recent price of $40.99. Want to profit from these alerts? ... Read more
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Pre-Paid Legal Announces 3rd Quarter Membership Figures
Pre-Paid Legal Services, Inc.(NYSE: PPD), reported new memberships produced and new sales associates enrolled for the 2009 third quarter. During the 3rd quarter of 2009, new sales associates enrolled increased 99.4% compared to the third quarter of 2008. Memberships produced increased by 20.7% while... Read more
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Pre-Paid Legal Declines in 3rd Quarter
Pre-Paid Legal Services Inc. (PPD) (NYSE:PPD) third-quarter numbers reveal 85 percent of PPD's sales force quits or fails to make even one sale annually; 2 percent of the sales force makes 10 or more sales annually, reports Fraud Discovery Institute Inc. (FDI). According to FDI co-founder Barry Mink... Read more
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Pre-Paid Legal Celebrates 10 Years in Canada
On Saturday, June 20, Pre-Paid Legal Services, Inc. (NYSE: PPD) will celebrate the 10th anniversary of the company's launch in the Canadian market in Ontario and the subsequent growth and expansion into three additional Provinces of British Columbia (1999), Alberta and Manitoba (2001).CEO, Founder &... Read more
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Pre-Paid Legal 4Q Profit Climbs
Pre-Paid Legal Services Inc.said Monday its fourth-quarter profit rose 26 percent, helped by a smaller income tax provision.The company reported net income grew to $14.7 million, or $1.27 per share, compared with $11.7 million, or 92 cents per share, a year ago.Revenue edged down 1 percent to $114.9... Read more
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Pre-Paid Legal Chairman Embarks on Bailout Tour
Citing a flailing economy and the 24-hour negative news reporting it has generated, Pre-Paid Legal Services, Inc. Founder, Chairman & CEO Harland Stonecipher has announced he will begin a 'North America Bailout Tour' beginning in February. His first stop will be in Dallas, Texas on Saturday, Feb. 7 ... Read more
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Pre-Paid Legal Adds 100th Millionaire Club Member
Pre-Paid Legal Services, Inc. (NYSE: PPD) Chairman & CEO Harland Stonecipher announced earlier today that Phillip Ernest, an independent sales associate from Ft. Worth, Tex., has become the 100th member to join the company's "Millionaire Club."The "Millionaire Club" recognizes those sales associate ... Read more
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Pre-Paid Legal Announces 2008 3rd Quarter Results
Pre-Paid Legal Services, Inc., reported new memberships produced and new sales associates enrolled for the 2008 third quarter. During the 3rd quarter of 2008, new sales associates enrolled decreased 13.2% compared to the third quarter of 2007. Memberships produced decreased by 6.0% while new members... Read more
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Pre-Paid Legal Completes 10 Mil Financing
Pre-Paid Legal Services, Inc. (NYSE: PPD) announced that we have received additional financing from Bank of Oklahoma for $10 million on an unsecured basis repayable in 12 equal monthly payments beginning June 30, 2008, together with interest at LIBOR plus 165 basis points. The $10 million has been f... Read more
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Pre-Paid Legal Announces Year End 2007 Results
Pre-Paid Legal Services, Inc. (NYSE: PPD), announced results for the fourth quarter and year ended December 31, 2007. Net income for the fourth quarter of 2007 decreased 11% to $11.7 million from $13.2 million for the prior year's fourth quarter due to a fourth quarter 2007 charge of $2.9 million re... Read more
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Pre-Paid Legal Fails to Prove Damages
Pre-Paid Legal Services Inc. failed to prove it was damaged by a Mississippi lawyer's soliciting its members for possible legal action against the company, the 5th U.S. Circuit Court of Appeals has ruled. The 5th Circuit upheld a Mississippi judge's dismissal of the lawsuit filed by Pre-Paid Leg... Read more
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Pre-Paid Legal Q4 Reports Memberships and Recruiting Rise
Pre-Paid Legal Services Inc. (PPD | charts | news | PowerRating) reported that the fourth quarter new sales associates enrolled increased 2% to 36,029 from 35,311 in the prior year quarter. New memberships produced for the quarter rose 7% to 150,100 from 139,638 in the last year quarter. For fiscal ... Read more
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Pre-Paid Legal Announces 2007 3rd Quarter Results
ADA, Okla., Oct. 22 /CNW/ -- Pre-Paid Legal Services, Inc. (NYSE: PPD), announced financial results for the third quarter ended September 30, 2007. Membership revenues increased 4% to $107.7 million from $103.6 million for the same period last year. Net income decreased 14% to $11.6 million fro... Read more
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Quarterly Profits Dip at Pre-Paid Legal
Higher commission payments and marketing expenses, in part, led to a 14 percent drop in third-quarter net income for Pre-Paid Legal Services Inc. On Monday, the Ada-based company reported that its quarterly net income fell to $11.6 million, or 88 cents per diluted share, down from $13.4 million, or ... Read more
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Pre-Paid Legal Launches National Media Campaign
Pre-Paid Legal Services, Inc. Chairman & CEO Harland Stonecipher has announced the company's launch of our national media campaign Saturday, September 29, 2007 on Court TV at 11:00 a.m. Eastern, 10:00 a.m. Central, 9:00 a.m. Mountain and 11:00 a.m. Pacific. "The purpose of the campaign, entitled 'Ju... Read more
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Pre-Paid Legal Posts Rise In New Associates
Pre-Paid Legal Services, Inc. on Monday revealed new memberships produced and new sales associates enrolled for the 2007 third quarter, reporting a 2.7% rise in new sales associates enrolled for the period, compared to the third quarter last year. Memberships produced decreased by 0.7% while new... Read more
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Pre-Paid Legal Announces Board Members
Pre-Paid Legal Services, Inc. (NYSE: PPD), today announced that Duke R. Ligon was elected to our Board of Directors at today's annual shareholders' meeting. Mr. Ligon was also appointed by the Board to the Nominating and Compensation Committees. Shareholders also re-elected Messrs. Grunebaum an... Read more
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Pre-Paid Legal Makes Appearance on Star Stocks
Surprises are part of the game when it comes to picking stocks. Sometimes this can mean bad news -- say, one of your top stocks revealing that its management has been backdating options.Other times, though, the market gets caught off-guard by positive surprises from stocks that most investors though... Read more
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Pre-Paid Legal Rises on Q1 News
...Pre-Paid Legal Services on Monday posted first quarter net income of $14.7 million or $1.08 per share compared to $13.1 million or $0.84 per share in the corresponding quarter in the previous year. The company noted that the results for the latest quarter were calculated on 13.62 million shares c... Read more
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Pre-Paid Legal Holds Convention in OKC
OKLAHOMA CITY About 12-thousand Pre-Paid Legal Services Incorporated delegates are in downtown Oklahoma City today for the second and final day of the company's annual convention.The Ada-based company used to routinely bypass Oklahoma City when it came to selecting sites for its convention, but the ... Read more
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Pre-Paid Legal Holds Convention
OKLAHOMA CITY (AP) _ About 12,000 Pre-Paid Legal Services Incorporated delegates are in downtown Oklahoma City for the second and final day of the company's annual convention.The Ada-based company used to routinely bypass Oklahoma City when it came to selecting sites for its convention, but the incr... Read more
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Pre-Paid Legal Services Announce Stock Repurchase
ADA, Okla., March 19 /PRNewswire-FirstCall/ -- Pre-Paid Legal Services, Inc. (NYSE: PPD) , today announced that our Board of Directors has authorized an additional repurchase of 1 million shares, as we have purchased 11.7 million shares of our previously announced stock repurchase authorizations tot... Read more
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Pre-Paid Legal Services No Comment on Trading
ADA, Okla., March 15 /PRNewswire-FirstCall/ -- Pre-Paid Legal Services, Inc. , reported that we were contacted by the NYSE today concerning our increased stock activity. We have no comment on recent trading activity.About UsWe believe our products are one of a kind, life events legal service plans. ... Read more
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Pre-Paid Legal Nominates Board Member
ADA, Okla., March 8 /PRNewswire-FirstCall/ -- Pre-Paid Legal Services, Inc. (NYSE: PPD) , today announced that Duke R. Ligon has been nominated for election to our Board of Directors and as a member of the Board's Nominating and Compensation Committees. Ligon's election is subject to the approval by... Read more
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Research Coverage on Pre-Paid Legal
Tejas Securities Group, Inc. Initiates Research Coverage on Pre-Paid Legal Services, Inc.AUSTIN, Texas, Nov. 16 /PRNewswire-FirstCall/ -- Tejas Securities Group, Inc. released a research report today on Pre-Paid Legal Services, Inc. (NYSE: PPD - News). ADVERTISEMENT Tejas Securities Group, I... Read more
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Earnings Surge at Pre-Paid Legal Services
Earnings surge at Pre-Paid Legal Services Lower commissions -- down to $31.4 million from $37.4 million -- contribute to higher net income. Lower commissions helped boost third-quarter net income 55 percent at Pre-Paid Legal Services Inc. The Ada-based company reported Monday that it earned $13.4 ... Read more
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Pre-Paid Legal Commences Tender Offer
Pre-Paid Legal Services Commences Tender Offer For Up To 1 Mln. Shares Of Its Common Stock(RTTNews) - Pre-Paid Legal Services, Inc. (PPD | charts | news | PowerRating) on Wednesday said it commenced its previously announced self-tender offer for up to 1 million shares of the company's common stock, ... Read more
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Network Marketing Or Pyramid Scheme
<B>Network Marketing Or Pyramid Scheme?</b> Often considered a road to riches, direct selling can lead to financial disaster without the proper research. Consider these tips before you sign up. By Wendy Harris When he signed up to be an independent associate for Pre-Paid Legal Services Inc., Came... Read more
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Pre-Paid Legal Expert in the News
<B>You are working to protect your identity. Are they?</b>Clues to someone's identity were available at nearly every dumpster in downtown Silverton. Identity thieves often steal personal information that is not properly disposed of at many businesses.SILVERTON – Silverton area residents are going to... Read more
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Pre-Paid Legal Receives Loan for Stock Purchase
Pre-Paid Legal Services Receives Additional $10 Million Loan Commitment Proceeds to Be Used to Purchase Additional Treasury Stock ADA, Okla., June 1 /CNW/ -- Pre-Paid Legal Services, Inc. (NYSE: PPD) today announced that it has received from Bank of Oklahoma a commitment for $10 millio... Read more
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Pre-Paid Legal Issues Shareholder Letter Re Stock Attacks
<B>Pre-Paid Legal Issues Letter To Shareholders</b>ADA, Okla., May 16 /PRNewswire-FirstCall/ -- Pre-Paid Legal Services, Inc. (NYSE: PPD - News) -- The attached "Letter to Shareholders" from our Chairman and CEO Harland C. Stonecipher was posted on our Web site for shareholders and/or electronically... Read more
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Pre-Paid Legal Stock Hits 52 Week Low
Stocks making new 52 week lows for May 18,2006 at 04:01 PM EST May 18,2006 04:08 PM ESTToday's stock making new 52 week lows PRE-PAID LEGAL SVCS INC (PPD) has made a new 52 weeks low today. 52 Weeks range is $32.97 - $52.77, PPD is last trading at $32.97, Net change -0.34 (-1.02%)RURBAN FINANCIAL... Read more
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Pre-Paid Legal Founder Harland Stonechipher
Source: Ada Evening News<B>Harland Stonecipher deserving of honor</b>'If a man write a better book, preach a better sermon, or make a better mouse-trap than his neighbor, tho' he build his house in the woods, the world will make a beaten path to his door.'So said Ralph Waldo Emerson, famous American... Read more
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Pre-Paid Legal Announces 2006 Q1 Results
Pre-Paid Legal Announces 2006 First Quarter Financial ResultsADA, Okla., April 24 /PRNewswire-FirstCall/ -- Pre-Paid Legal Services, Inc. (NYSE: PPD - News), announced financial results for the first quarter ended March 31, 2006. Membership revenues increased 10% to $101.7 million from $92.5 million... Read more
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Pre-Paid Legal to Buy Back 1M Shares
ADA, Okla. — Pre-Paid Legal Services Inc., a provider of underwritten legal assistance to members for a monthly fee, late Thursday said it will buy back 1 million of its shares.The repurchase program is in addition to its previously announced stock buyback program of 10 million shares, of which 9.9 ... Read more
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Pre-paid legal active memberships up 4%
<B>Pre-Paid Announces 2006 1st Quarter Membership and Recruiting Results; Active Memberships Up 4%; Active Membership Fee in Force Up 8% Monday April 3, 5:05 pm ET <b> ADA, Okla., April 3 /PRNewswire-FirstCall/ -- <a href="http://www.npros.com/dir/prepaidlegal/">Pre-Paid Legal Services, Inc.</a> (... Read more