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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area

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To: jayt who wrote (24757)11/8/2006 2:20:02 PM
From: Broken_Clock  Read Replies (1) of 37387
 
Chalk one up for stocklemon.
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iMergent Agrees to Reimburse Texas Consumers

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December 2, 2005
Texas has reached an agreement with online services provider iMergent Inc. that will provide refunds totaling up to $400,000 to consumers who were misled about the company?s promise to help them develop Web-based businesses.

"We aggressively pursued this company on behalf of Texas consumers who were promised prospering businesses and reliable technical support from this company but were let down," said Attorney General Greg Abbott. "Consumers who were misled or who received inoperable software can now file claims to get refunds."

Only those who purchased iMergent software licenses in Texas on or after Feb. 23, 2003, and who request a refund request questionnaire from the Attorney General before Jan. 17 will be eligible.

The company, which is headquartered in Orem, Utah, has agreed to allocate $400,000 toward a consumer refund account managed by the Attorney General.

In addition, the company will also reimburse the consumer for cash paid and for financed debt incurred to enroll in this program. iMergent will also pay $60,000 in attorneys? fees to the Attorney General.

The Attorney General sued the company and its officers, Brandon Lewis and Donald Danks, in February for wrongfully enticing consumers into purchasing expensive software without providing them with key pieces of information.
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