Real Estate Repeats as the Top PPD Legal Services Request for 2010
24 Fevereiro 2011 - 9:01AM
PR Newswire (Canada)
ADA, Okla., Feb. 24, 2011 /CNW/ -- Real Estate Issues Generate More
Than 342,000 (16.2 Percent) of the Estimated 2.1 Million Requests
For the second year, Real Estate Issues is the leading Pre-Paid
Legal Services, Inc. (NYSE: PPD) legal service request from among
an estimated 2.1 million requests from PPD's members (customers)
during 2010. The 342,000 requests for the real estate-related legal
service inquires, represents approximately 16.2 percent of the
total estimated 2.1 million legal service requests for 2010. Real
Estate, Landlord/Tenant Issues and Foreclosure - The approximate
358,000 requests for legal services include residential and
commercial real estate transactions, landlord and tenant issues and
legal counsel related to foreclosure and short sales. By category,
the other top five legal service requests include: Consumer Finance
- Approximately 198,000 or 9.4 percent of total requests for legal
services related to retail transactions for warranties, guarantees
and other contracts; Family Law - Approximately 188,000 or 8.9
percent of total requests for legal services related to divorce,
child support, child custody and child visitation; Traffic Issues -
Approximately 187,000 or 8.9 percent of total requests for legal
assistance related to moving violations, traffic tickets and auto
accidents; and Collections - Approximately 153,000 or 7.2 percent
of total requests for legal services to support members against
other parties and to defend members from third-party debt
collectors. Along with Real Estate Issues, Consumer Finance and
Family Law held the same respective positions in the 2009 legal
service ranking, while Traffic Issues rose to the fourth position
in the 2010 ranking. Collections fell to the fifth position in the
2010 ranking compared its fourth position in the 2009 ranking. The
top five legal service requests, totaling an estimated 1,068,000
requests, account for approximately 50 percent of the total legal
services requests for the year. In addition to the top five legal
service requests for 2010, Pre-Paid Legal Services provider law
firms provided legal counsel on other major legal service requests
including: 6) Estate Planning (approximately 150,000 requests), 7)
Employment (approximately 118,000 requests), 8) Criminal violations
(approximately 100,000 requests), 9) Civil Litigation
(approximately 92,000 requests) and Bankruptcy (approximately
72,000 requests). The remaining 2010 legal service requests, an
estimated 500,000 requests, were for a variety of legal issues and
legal consultation requests. Charles Willinger, Jr., a founding
member of Willinger, Willinger & Bucci, P.C.
(http://www.wwblaw.com), the PPD provider law firm for Connecticut,
says there is clear pattern within the ranking of top legal service
requests for 2010. "People lose a job, then they lose their house
and then, sometimes, even their family," Willinger said. "It's like
the proverbial house of cards. One problem leads to another and
they all begin with the pocketbook," he said. Willinger, Willinger
& Bucci, P.C., based in Bridgeport, Connecticut, has been the
PPD provider law firm for Connecticut since 1999. Davis Miles, PLLC
(http://www.davismiles.com) Partner and Co-Founder Charles E. Davis
says PPD's national ranking of top legal service requests is
consistent with the annual ranking of legal service requests at
Davis Miles. "This list reflects the legal service needs of average
Americans, and while there may be some variation in the ranking
from month to month or year to year, the legal issues remain
consistent," Davis said. "The real difference, as I see it, is that
the Pre-Paid Legal Service member has a means and an opportunity to
deal with these issues before they become insurmountable problems."
Davis Miles, PLLC, based in Tempe, Arizona, has been the PPD
provider law firm for Arizona since 2004 and the provider law firm
for New Mexico since 2008. Richard A. Campbell, a partner with
Deming, Parker, Hoffman, Campbell & Daly, LLC
(http://www.deminglaw.com), says it is no surprise that Consumer
Finance, including issues related to warranties, guarantees and
contracts, is among the top legal services requests for 2010.
"During the past year, we've seen more incidents where companies
are denying claims to customers for questionable reasons," Campbell
said. "This is particularly true with respect to insurance claims,
and given the state of the economy, it's no surprise," he said.
Deming, Parker, Hoffman, Campbell & Daly, LLC, based in
Atlanta, Georgia, has been PPD provider law firm for Georgia since
1990. About PPD We believe our products are one of a kind, life
events legal service plans. Our plans provide for legal service
benefits provided through a network of independent law firms across
the U.S. and Canada, and include unlimited attorney consultation,
will preparation, traffic violation defense, automobile-related
criminal charges defense, letter writing, document preparation and
review and a general trial defense benefit. We have an identity
theft restoration product we think is also one of a kind due to the
combination of our identity theft restoration partner and our
provider law firms. More information about us and our products can
be found at our homepage at http://www.prepaidlegal.com.
Forward-Looking Statements Statements in this press release, other
than purely historical information, regarding our future plans and
objectives and expected operating results, dividends and share
repurchases and statements of the assumptions underlying such
statements, constitute forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934. The
forward-looking statements contained herein are based on certain
assumptions that may not be correct. They are subject to risks and
uncertainties incident to our business that could cause actual
results to differ materially from those described in the
forward-looking statements. These risks and uncertainties are
described in the reports and statements filed by us with the
Securities and Exchange Commission, including (among others) those
listed in our Form 10-K, Form 10-Q and Form 8-K. Please refer to
pages 16 - 19 of our 2009 Form 10-K and pages 7 and 8 of our
September 30, 2010 Form 10-Q for a more complete description of
these risks. Additionally, these risk and uncertainties may include
changes in membership utilization for specific needs identified in
this release or changes in membership retention and satisfaction
for related and described services. We undertake no duty to update
any of the forward-looking statements in this release. Additional
Information and Where to Find It In connection with the merger,
Pre-Paid will prepare a proxy statement to be filed with the
Securities and Exchange Commission (the "SEC"). When completed, a
definitive proxy statement and a form of proxy will be mailed to
Pre-Paid's shareholders. BEFORE MAKING ANY VOTING DECISION,
PRE-PAID'S SHAREHOLDERS ARE URGED TO READ THE PROXY STATEMENT
REGARDING THE MERGER CAREFULLY AND IN ITS ENTIRETY BECAUSE IT WILL
CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. Pre-Paid's
shareholders will be able to obtain without charge, a copy of the
proxy statement (when available) and other relevant documents filed
with the SEC from the SEC's website at www.sec.gov. Pre-Paid's
shareholders will also be able to obtain, without charge, a copy of
the proxy statement and other relevant documents (when available)
by directing a request by mail or telephone to Pre-Paid Legal,
Attn: Randy Harp, One Pre-Paid Way, Ada, Oklahoma 74820, telephone:
(580) 436-1234, or the investor relations section of the Company's
website:
http://www.prepaidlegal.com/newCorp2/investor/investor_home.html
George Snyder, PR Director of Pre-Paid Legal Services, Inc.,
+1-580-421-6339, or cell, +1-580-310-4067, georgesnyder@pplsi.com
Web Site: http://www.prepaidlegal.com
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