What is the name of the settlement that Minus Zero4 F, LLC and Amorino Trading LLC entered into?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
nd unspecified damages. On February 16, 2023, Minus Zero4 F, LLC and Amorino Trading LLC entered into a Settlement Agreement with the plaintiff and its owners, Adekunle Aderibigbe and Abimbola Aderibigbe, under which the plaintiff franchisee agreed to dismiss the lawsuit with prejudice, the plaintiff agreed to pay Amorino Trading the full sum of monies owed in the amount of $16,906.06, the parties agreed to terminate the Franchise Agreement including the non-competition provisions of the Franchise Agreement, and the parties exchanged mutual general releases. The plaintiff made the settlement payment and the plaintiff dismissed the lawsuit with prejudi
Source: Item 3 — LITIGATION (FDD pages 13–14)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, Minus Zero4 F, LLC and Amorino Trading LLC entered into a Settlement Agreement with Capernaum Capital, LLC, the plaintiff, and its owners, Adekunle Aderibigbe and Abimbola Aderibigbe.
Under the terms of the Settlement Agreement, the franchisee agreed to dismiss the lawsuit with prejudice. The franchisee also agreed to pay Amorino Trading the full sum of monies owed, which amounted to $16,906.06. Additionally, the parties agreed to terminate the Franchise Agreement, including the non-competition provisions contained within it. Finally, the parties exchanged mutual general releases.
The plaintiff subsequently made the settlement payment and dismissed the lawsuit with prejudice on February 24, 2023. This resolution concludes the legal dispute between the involved parties under the specified terms.