We've been marketing the product for nearly five years now, and we've always been very clear with our clients on the Express IRA. As part of that, we've told them about the benefits of saving ... and we've also been very clear about the product's fees and charges and how to avoid those fees and charges.

It was strictly a bookkeeping error. We do not owe any states any back money.

It's a transparent effort to pry money from our company even though we've always acted properly and the facts are on our side. We will vigorously defend ourselves in court if needed.

We believe this suit has no merit and is simply a transparent effort to pry money from our company even though we've always provided full disclosure of all material company information to shareholders and the public.

Four out of five of our Express IRA clients are ahead financially because they made the decision to save with that product.