Precis, Inc. Receives Favorable Ruling in Superior Court of California
June 29 2005 - 1:23PM
PR Newswire (US)
Precis, Inc. Receives Favorable Ruling in Superior Court of
California GRAND PRAIRIE, Texas, June 29 /PRNewswire-FirstCall/ --
The Capella Group, Inc., a subsidiary of Precis, Inc. (NASDAQ:PCIS)
that does business as "Care Entree" received a favorable ruling
Tuesday in a case pending in the Superior Court of California, Los
Angeles County. Judge Edward Ferns denied the motion of the
plaintiffs, Manuela and Juan Zermeno, for a judgment that Care
Entree's operations violated Section 445 of the California Health
and Safety Code, a provision that governs medical referral
services. In denying the motion, the judge ruled that only the
Attorney General, not individual plaintiffs like the Zermenos, has
standing to bring an action under Section 445. In a related claim,
Judge Ferns declined to rule on the Zermeno's motion for relief
under California's unfair competition law (Section 17200 of the
Business and Professions Code) due to flaws in their motion. It is
unknown whether or not the Zermenos intend to attempt to correct
those flaws. "Care Entree is pleased with the judge's rulings
today. His decision on the Section 445 matter is consistent with
the position we have argued since this case was filed," said Eliseo
Ruiz III, Vice President and General Counsel for Precis, Inc. "We
hope to have a final and favorable resolution of this case soon,"
he added. The Zermenos are former members of the Care Entree
program. They brought their action in September 2003, seeking
damages along with equitable and injunctive relief on behalf of the
general public of California. Other claims brought by the Zermenos
in their lawsuit were settled by the company in 2004. "The timing
for a favorable ruling in this case couldn't have been better, as
we recently completed strategic management changes and will soon
launch our new product lines. We look forward to getting this
uncertainty finally behind us," says Frank Apodaca, President of
Precis, Inc. About Precis, Inc. Precis, Inc. and its subsidiaries
market non-insurance health care savings programs, administer
tax-favored reimbursement accounts, provide third party
administration services to self funded employer groups and offer a
broad range of financial solutions such as health and life
insurance to individuals and businesses. For more information on
Precis, its subsidiaries Care 125, Care Financial, LLC, and Access
Administrators visit http://www.precis-pcis.com/,
http://www.care125.com/, and http://www.care-financial.com/,
http://www.ahs-access.com/ respectively. Contact: Eliseo Ruiz III
Joe Diaz General Counsel The RCG Group Precis, Inc. 480-675-0400
972-343-6500 Annemarie Marek Marek & Company 469-235-2166
DATASOURCE: Precis, Inc. CONTACT: Eliseo Ruiz III, General Counsel
of Precis, Inc., +1-972-343-6500; or Joe Diaz of The RCG Group,
+1-480-675-0400; or Annemarie Marek of Marek & Company,
+1-469-235-2166, both for Precis, Inc. Web site:
http://www.precis-pcis.com/ http://www.care125.com/
http://www.care-financial.com/ http://www.ahs-access.com/
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