LegalZoom Reaches Agreement in Principle for Proposed Settlement of Missouri Class Action

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| Source: LegalZoom

GLENDALE, Calif., Aug. 22, 2011 (GLOBE NEWSWIRE) -- Plaintiffs and http://legalzoom.com/">LegalZoom.com, Inc. have reached an agreement in principle to settle the class action lawsuit captioned Janson v. http://legalzoom.com/">LegalZoom.com, Inc., in the United States District Court in the State of Missouri. The Plaintiffs alleged claims related to LegalZoom's offering of legal self-help products over the Internet.

Under the terms of the proposed settlement, LegalZoom can continue to offer its services to Missouri residents with certain business modifications.  The proposed settlement contains no admission or finding of wrongdoing by LegalZoom. 

The settlement of the lawsuit avoids a prolonged and costly trial in a case where the plaintiffs never claimed that the documents they purchased from LegalZoom were defective in any way, stated attorneys for LegalZoom.  While LegalZoom continues to dispute the basis of the allegations in this case, it believes it is in the best interests of the Company and its customers to move forward with a settlement.

Terms of the proposed settlement are currently being negotiated and will be released after they have been fully approved by all sides.

About LegalZoom.com

LegalZoom is the nation's leading provider of online legal document services and legal plans to families and small businesses. The company was founded by top talents in law and technology to make the benefits and protections of the law accessible and affordable. LegalZoom is not a law firm. We provide self-help services and a legal plan where customers have access to attorneys at a fixed monthly fee. The company is headquartered in Glendale, California, with regional headquarters in Austin, Texas. For more information, visit www.legalzoom.com.

Chas Rampenthal, (323) 962-7052