Who are the plaintiffs in the AKT Lawsuit described in the Beem Light Sauna FDD?
Beem_Light_Sauna Franchise · 2025 FDDAnswer from 2025 FDD Document
This action was filed by certain former AKT® franchisees and their owners, including Dance Fitness Michigan LLC, Property Maintenance, Inc., 6pk Mason LLC, 6pk Liberty LLC, Teeny Turner LLC, S2 Fitness Enterprises, LLC, Soros & Associates, LLC, AdEdge Services Inc., Deanna Alfredo, Amanda Davis, Nisha Moeller, Samantha Cox, Suzanne Fischer, Nichole Soros, Michael Soros, Paul Dumas, Jodi Dumas and Laura Hannan (collectively, the "AKT Plaintiffs") against (i) AKT Franchise, LLC and AKT Franchise SPV, LLC; (ii) Xponential, Xponential Fitness, Inc., XPOF Assetco, LLC, and Xponential Intermediate Holdings, LLC (collectively, the "Xponential Entities"); (iii) H&W Franchise Intermediate Holdings LLC, H&W Investco LP, and H&W Investco II LP (collectively, the "H&W Entities"); (iv) LAG Fit, Inc.; (v) MGAG LLC; and (vi) Anthony Geisler, Mark Grabowski, Melissa Chordock, Elizabeth "Liz" Batterton Cooper, Alexander Cordova, Lance Freeman, Ryan Junk, Megan Moen, John Meloun, Sarah Luna, Tori Johnston, Justin LaCava, Bobby Tetsch, Brandon Wiles, Jason Losco, Brittney Holobinko, Amy Wehrkamp, Scott Svilich, Sarah Nolan, Emily Brown, Rachel Markovic, and Brenda Morris (collectively, (i) through (vi), the "AKT Defendants") after AKT Franchise, LLC initiated an arbitration against and sought damages from certain of them for breaches of their franchise agreements.
Source: Item 3 — LITIGATION (FDD pages 13–18)
What This Means (2025 FDD)
According to the 2025 Beem Light Sauna FDD, the plaintiffs in the AKT Lawsuit are certain former AKT® franchisees and their owners. The specific entities and individuals involved are Dance Fitness Michigan LLC, Property Maintenance, Inc., 6pk Mason LLC, 6pk Liberty LLC, Teeny Turner LLC, S2 Fitness Enterprises, LLC, Soros & Associates, LLC, AdEdge Services Inc., Deanna Alfredo, Amanda Davis, Nisha Moeller, Samantha Cox, Suzanne Fischer, Nichole Soros, Michael Soros, Paul Dumas, Jodi Dumas and Laura Hannan. These plaintiffs are collectively referred to as the "AKT Plaintiffs" in the legal proceedings.
The lawsuit was filed after AKT Franchise, LLC initiated an arbitration against some of these franchisees, seeking damages for alleged breaches of their franchise agreements. In response, the AKT Plaintiffs filed their own action against AKT Franchise, LLC, its related entities, and various individuals associated with the company.
It is important to note that Ryan Junk, the Chief Executive Officer of Beem Light Sauna, previously served as Chief Operating Officer of Xponential and its subsidiaries. Similarly, Anthony Geisler, the Chief Executive Officer of Sequel Brands, held the same role at Xponential. Both have been named as defendants in lawsuits involving Xponential and its affiliates, which involve similar claims and allegations. However, the FDD states that Beem Light Sauna is not affiliated with Xponential, and these lawsuits do not directly involve Beem Light Sauna or its affiliates.