The Law Office of Robbins Umeda LLP Is Investigating Pre-Paid Legal Services, Inc. Acquisition for Shareholders

Robbins Umeda LLP, a shareholder rights litigation firm, is investigating possible breaches of fiduciary duty and other violations of state law by members of the board of directors of Pre-Paid Legal Services, Inc. (NYSE: PPD) in connection with their efforts to sell the company to MidOcean Partners and PPL Acquisition Corp. The investigation seeks to determine whether Pre-Paid Legal's board of directors undertook a fair process to obtain maximum value for its shareholders.

On January 30, 2011, Pre-Paid Legal and MidOcean Partners announced the definitive agreement under which MidOcean Partners will acquire all outstanding shares of common stock of Pre-Paid Legal in a cash transaction valued at $650 million. Under the terms of the current agreement, Pre-Paid Legal shareholders will receive $66.50 per share for each share of Pre-Paid Legal common stock they hold. MidOcean Partner's offer price represents a 10.36% premium to Pre-Paid Legal's closing price of $60.26 on Friday, January 28, 2011. The transaction is expected to close on or before July 31, 2011.

If you own stock in Pre-Paid Legal and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at info@robbinsumeda.com.

Robbins Umeda LLP represents individual and institutional shareholders in derivative, direct, and class action lawsuits. The law firm's skilled litigation teams include former federal prosecutors, former defense counsel from top multinational corporate law firms, and career shareholder rights attorneys. Robbins Umeda LLP has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested. For more information, please go to http://www.robbinsumeda.com.

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