Consumer Law
FTC Threatens to Sue Pre-Paid Legal Services Over ID Theft Program
By Martha Neil
Nov 19, 2009, 04:17 pm CDT
Alleging that Pre-Paid Legal Services Inc. made misleading claims to consumers concerning its identity-theft protection service, the Federal Trade Commission has threatened to file suit over the issue.
Pre-Paid disclosed the FTC's threat today, saying that it had received a proposed draft complaint from the federal agency seeking to halt the marketing of the program, reports the Oklahoman.
The company said in a written statement that it expects to defend its interests vigorously, the newspaper reports.
Additional coverage:
Dow Jones Newswires (sub. req.): "Pre-Paid Legal Shares Plunge On FTC Draft Complaint"