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EZCORP, Inc.
EZCORP and Texas Attorney General Reach Settlement
July 13th, 2008
EZCORP, Inc. (NASDAQ:EZPW), the parent company of EZPAWN and EZMONEY Loan Services, announced that in cooperation with the Texas Attorney General's office, the parties reached a settlement of the lawsuit brought by the Attorney General regarding his claim that the Company failed to adequately protect customers' private information. The Company disputed and vigorously challenged the Attorney General's claims. Joe Rotunda, President & CEO of EZCORP, stated, "After an extended period of factual and legal debate and negotiations, it became clear that it is in the best interests of both parties to settle this matter rather than pursue costly litigation. We mutually agreed to...
Source: Pharma Investments, Ventures & Law Weekly (2008-07-13)
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