Here's an excerpt from the article published in the March 11th Salt Lake Tribune:
"...during a company conference call with investors on Thursday, iMergent indicated that in January the Indiana Attorney General's Office filed suit against the company for allegedly violating the state's Business Opportunity Transactions Act and the Deceptive Consumer Sales Act.
The lawsuit contends the company failed to provide investors with proper disclosure documents indicating that buyers had 30 days to cancel their contracts. The company also allegedly failed to post the required surety bond with the state's Consumer Protection Division prior to selling their business opportunity to residents of that state.
The matter still is pending, said Staci Schneider, spokeswoman for the state's Consumer Protection Division.
Jeff Korn, iMergent's general counsel, said during the conference call that the company is negotiating with Indiana officials, who are requesting the company refund $32,000. He said the company denies any liability.
The $32,000 figure, though, is based on the money six Indiana investors allegedly paid the company.
But the lawsuit states that not only those investors but all other Indiana residents who may have signed contracts with iMergent have a right to cancel their agreements. The lawsuit doesn't indicate how many customers that might entail.
The company in November agreed, without admitting any guilt, to a $460,000 settlement of a Texas state fraud complaint."
If you live in Indiana and are seeking a refund file your complaint with the attorney general by visiting their website:
http://www.in.gov/attorneygeneral/consumer/onlineform.html
Etwana
Fresno, California
U.S.A.