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Stock impact report

ADT Settles Lawsuit Filed Against NorthStar for $3 Million Marking Second Deceptive Sales Legal Victory in Two Months

ADT Inc. (ADT) 
Last adt inc. earnings: 3/5 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.adt.com/home/default.aspx
Company Research Source: GlobeNewswire
BOCA RATON, Fla., July 16, 2019 (GLOBE NEWSWIRE) -- Today, ADT (NYSE: ADT), a leading provider of monitored security and interactive home and business automation solutions in the United States and Canada, announced it settled a deceptive sales practices lawsuit filed against NorthStar Alarm Services, a Utah-based company, for $3 million.  As part of the settlement, NorthStar agreed to a $5 million consent judgment if the company defaults on paying the $3 million settlement. As part of its case, ADT provided evidence from at least 500 customers stating they were victims of deceptive sales tactics from NorthStar employees over the past five years. This latest legal accomplishment comes less than two months after a South Florida jury awarded ADT $4 million in damages, including $1 million in punitive damages, in a similar deceptive sales lawsuit against Alder Holdings, another security company headquartered in Utah. “Companies that rely on deceptive sales tactics in order to c Show less Read more
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