CHICAGO, Nov. 23 /PRNewswire/ -- U.S. District Court Judge Rebecca Pallmeyer has preliminarily approved a settlement of four franchisee class action lawsuits filed against the Quiznos Franchise Company and others. The cases in Colorado, Wisconsin and Illinois, the earliest of which has been pending since 2006, allege violations of various state and federal laws in connection with the sale and operation of Quiznos franchises. Quiznos denied all claims, and the settlement agreement involves no finding or admission of liability.
The settlement contains financial benefits for current and former franchisees that elect to participate in the form of cash refunds, food purchase discounts, and debt forgiveness. In addition, amongst other things, the settlement agreement provides for the creation, endorsement and funding of an independent franchisee association; a retraining program for franchisees; annual benchmark studies by an independent third party to review costs of goods sold to franchisees; and an internal dispute resolution process for franchisee disputes.
"We are very pleased with the settlement," said Justin M. Klein, one of the attorneys for the Plaintiffs. "It is the culmination of several years of contentious litigation and reflects what we believe is a positive step for the future of the Quiznos system," Klein added.
Marks & Klein, LLP is a law firm with offices in Red Bank, NJ and New York City that focuses its practice in the area of business and franchise law. Marks & Klein, LLP and its lawyers have been counsel in many prominent franchise disputes throughout the United States. For more information contact Justin M. Klein, (732) 747-7100 or email firstname.lastname@example.org.
Kravit, Hovel & Krawczyk S.C. is a boutique litigation law firm in Milwaukee, WI that handles "aggravated litigation(TM)" (complex commercial, civil, fraud, and criminal matters) throughout the United States. For more information, go to www.kravitlaw.com, or contact Stephen E. Kravit, (414) 271-7100 or email email@example.com.
SOURCE Marks & Klein, LLP; Kravit, Hovel & Krawczyk S.C.