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Company: Classmates Inc.
Current Parent Company:
H.I.G. Capital
Parent at the Time of the Penalty Announcement:
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Recap of Ownership Changes:
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Penalty: $8,177,600
Year: 2015
Date: June 2, 2015
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Violation Description: Classmates Inc. and Florists' Transworld Delivery Inc. agreed to pay a total of $11 million to settle multistate allegations that the companies engaged in misleading advertising and billing practices. Classmates Inc.'s share was $8.2 million.
Level of Government: state
Action Type: agency action
Agency: Multistate Attorneys General Case
Civil or Criminal Case: civil
HQ Country of Current Parent: USA
HQ State of Current Parent: Florida
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: private equity (including portfolio companies)
Specific Industry of Current Parent: private equity (including portfolio companies)
Source of Data:
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Link to Archived Court Document:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
Update Log.