ADT fails to secure dismissal of lawsuit
DENVER - A Colorado judge has denied ADT Security ServicesÃ¢â‚¬â„¢ motion to dismiss a class action lawsuit filed by Advantek Pro, a former ADT authorized dealer.
The judgeÃ¢â‚¬â„¢s ruling clears the way for the firm to seek a class action certification of the lawsuit, which if approved will include current and past ADT dealers.
The lawsuit, filed in February, contends that ADT owes Advantek compensation after it made changes to its authorized dealer program in 1998. The companyÃ¢â‚¬â„¢s lawyers estimate damages to be in the $100 million range.
Stealth Alarms hit with suspension
CALGARY, Alberta - In July, the City of Calgary suspended Stealth AlarmsÃ¢â‚¬â„¢ business license for 45 days.
The suspension comes after the alarm company was charged under AlbertaÃ¢â‚¬â„¢s consumer protection act for failing to have an active direct sellerÃ¢â‚¬â„¢s license.
According to published reports, the company plans to appeal the ruling.
Stealth may continue to operate until the appeal hearing is held, but if the suspension is not overturned, the company will be suspended from business for 45 days - meaning it cannot sell, install, repair or monitor any security systems. As many as 60,000 subscribers may be affected by the ruling.
Counterforce acquires accounts from Alarm-Tel
GREENVILLE, Miss. - Counterforce has acquired approximately 800 accounts from Alarm-Tel, a residential and commercial security company here.
This is the third recent acquisition for Counterforce, a subsidiary of Chubb. The company acquired the assets of Houston-based Ascot Alarm and Acceptance Alarm of Detroit earlier this year.
In a prepared statement, Bob Breen, acquisitions executive for Chubb, said the company is always interested in adding quality business to its portfolio.
The details of the transaction, which was handled by Davis Marketing Group, were not released.