FTC Seeks to Modify BlueHippo Settlement

Sun Nov 15, 2009 10:37pm EST
 
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BALTIMORE, Nov. 15 /PRNewswire/ -- BlueHippo Funding, LLC, a leading direct
response marketing firm, was notified that the Federal Trade Commission is
seeking to amend a settlement reached with the Company in April of 2008.

The Company reached a $3.5 million dollar settlement with the FTC, which the
Company paid in full.  The FTC has now filed legal papers containing
inaccurate allegations and attempting to change the terms of the parties'
agreement nineteen months after the fact.  BlueHippo intends to vigorously
fight these allegations and to take all steps available to it to rebut the
FTC's unfounded claims.  BlueHippo has shipped many tens of thousands of brand
new computers to customers across the country.  We are fully confident that,
when the FTC's misstatements have been corrected and the actual facts have
seen the light of day, the Company will be fully vindicated.

SOURCE  BlueHippo Funding, LLC

Andrew Campbell, General Counsel of BlueHippo Funding, LLC, +1-410-277-9800
x4407

 

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