Bloomberg News

ChoicePoint Will Close Dallas Unit, Fire Up to 60

July 31, 2007

(Corrects company description in first paragraph, spokesman's name in second in story from yesterday.)

July 30 (Bloomberg) -- ChoicePoint Inc., one of the largest U.S. personal data brokers, said it will fire as many as 60 employees when it closes a Dallas division on Sept. 28.

The division verifies information on job applicants' applications and on resumes, company spokesman Chuck Jones said in an interview. Its work will be transferred to other ChoicePoint offices in the U.S., and the company can save money by closing the location, he said.

Between 55 and 60 employees will be cut, Assistant Vice President Michelle Meurer said in a July 25 letter to the Texas Workforce Commission that was released by e-mail. Alpharetta, Georgia-based ChoicePoint has 5,000 employees, Jones said.

The shares rose 74 cents to $38.93 as of 4:01 p.m. in New York Stock Exchange composite trading.

ChoicePoint said in May it had agreed to pay $500,000 to settle claims from 44 states that the company failed to keep personal information secure. The company, with $1.05 billion in 2006 sales, settled a U.S. Federal Trade Commission case last year by paying $10 million in penalties and $5 million into a pool to reimburse customers for identity-theft expenses.

To contact the reporter on this story: Neil Roland in Washington at

To contact the editor responsible for this story: JoAnne Norton in Washington at

Cash Is for Losers
blog comments powered by Disqus