The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of Pre-Paid Legal Services, ...

The Law Office of Joseph Klein is investigating the Board of Directors of Pre-Paid Legal Services, Inc. (“Pre-Paid” or the “Company”) (NYSE: PPD) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to MidOcean Partners (“MidOcean”). Under the terms of the transaction, MidOcean will acquire all outstanding PrePaid shares for $66.50 cash per share, representing an approximate transaction value of $650 million.

The investigation concerns whether the Pre-Paid Board of Directors breached their fiduciary duties to Pre-Paid stockholders by failing to adequately shop the Company before entering into this transaction and whether MidOcean is underpaying for Pre-Paid shares, thus unlawfully harming Pre-Paid stockholders. Pre-Paid stock traded as high as $67.67 per share as recently as September 29, 2010, which is above the proposed offer price.

If you own common stock in Pre-Paid and wish to obtain additional information, please contact Joseph Klein, Esq. directly, via email at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free: 877-STOK-180, or visit http://www.jkleinlawfirm.com/pre-paid-legal-ppd.html.

Joseph Klein, Esq. is an experienced attorney and has also practiced as a Certified Public Accountant. Mr. Klein represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.

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