Franchise owners say they fell for a promised “semi-absentee model” requiring little work and a skeletal staff.
Bearden and other franchise owners in a lawsuit that they fell for the company’s promise of a “semi-absentee” model – one where they could operate a franchise by putting in only 10 hours a week and with a skeletal staff of full-time and one part-time employee.
They’re seeking $75 million in damages for violating the violating the Racketeer Influenced and Corrupt Organizations Act, fraud and breach of contract claims. One of the lawyers representing Barry Van Over, CEO of Premier Martial Arts, declined to comment. Other attorneys identified in the lawsuit did not respond to requests for comment.
In May 2021, Bearden and his wife Aimee, bought six franchises of Unleashed-owned Premier Martial Arts, a national martial arts studio, and opened their firstfranchise a year later. What the family thought was a great investment has now placed them in “survival mode,” according to Cale Bearden.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chevron raises dividend by 6%, announces $75 billion stock buyback programChevron Corp. said late Wednesday that its board has approved a dividend increase of 6% to $1.51 a share, payable March 10 to shareholders of record as of...
Read more »
Chevron pledges $75 bln for share buybacks as cash growsChevron Corp on Wednesday said it would triple its budget for share buybacks to $75 billion, the oil industry's most ambitious shareholder payouts to date, as high oil and gas prices pad profits.
Read more »
After Windfall Profits, Chevron Set to Buy Back $75 Billion in Shares'Chevron should not be doing $75 billion in stock buybacks while price gouging American families and accelerating the climate crisis,' said one critic.
Read more »
Chevron's head-turning $75 billion buyback may not be all it's cracked up to beThe second-largest U.S. oil company authorized a $75 billion buyback and a dividend hike on Wednesday evening, giving its stock a boost.
Read more »
Lobster roll food truck made famous on “Shark Tank” opening first Denver franchiseThe food truck will serve 'Connecticut-style' lobster rolls with warm lobster meat and butter; 'Maine-style' rolls with chilled lobster meat and mayo; and warm cups of New England clam chowder and lobster bisque
Read more »
Star Trek: Picard Star Jonathan Frakes: TV Key to Franchise's FutureStarTrekPicard star JonathanFrakes says maybe the Paramount franchise's future isn't in film right now but rather with television. / StarTrek StarTrekTNG ParamountPlus Riker STTNG Picard
Read more »