Does Cordova have any pending criminal actions alleging fraud?
Cordova Franchise · 2025 FDDAnswer from 2025 FDD Document
Amendments to the Cordova Franchise Disclosure Document
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- Item 3 "Litigation," is supplemented by the addition of the following:
- A. Neither the Franchisor nor any person identified in Items 1 or 2 above has any administrative, criminal or material civil action (or a significant number of civil actions irrespective of materiality) pending against him alleging a violation of any franchise law, fraud, embezzlement, fraudulent conversion, restraint of trade, unfair or deceptive practices, business opportunity law, securities law, misappropriation of property or comparable allegations.
- B. Neither the Franchisor nor any other person identified in Items 1 or 2 above has during the 10 year period immediately preceding the date of this Disclosure Document, been convicted of a felony or pleaded nolo contendere to a felony charge or been held liable in any civil action by final judgment, or been the subject of any material complaint or other legal proceeding where a felony, civil action, complaint or other legal proceeding involved violation of any franchise law, fraud, embezzlement, fraudulent conversion, restraint of trade, unfair or deceptive practices, business opportunity law, securities law, misappropriation of property or comparable allegations or which was brought by a present or former purchaser-investor or which involves or involved the business opportunity relationship.
- C. Neither the Franchisor nor any person identified in Items 1 or 2 above is subject to any currently effective injunctive or restrictive order or decree relating to the franchise, or under any federal, state or Canadian franchise, securities, business opportunity, antitrust, trade regulation or trade practice law as a result of concluded or pending action or proceeding brought by a public agency, or is a party to a proceeding currently pending in which an order is sought, relating to or affecting
business opportunity activities or the seller-purchaser-investor relationship, or involving fraud, including but not limited to, a violation of any business opportunity law, franchise law, securities law or unfair or deceptive practices law, embezzlement, fraudulent conversion, misappropriation of property or restraint of trade.
Source: Item 23 — RECEIPTS (FDD pages 44–195)
What This Means (2025 FDD)
According to Cordova's 2025 Franchise Disclosure Document, specifically an amendment to Item 3 regarding litigation, neither Cordova nor any individuals listed in Items 1 or 2 have any pending administrative, criminal, or material civil actions alleging violations of franchise law, fraud, embezzlement, fraudulent conversion, restraint of trade, unfair or deceptive practices, business opportunity law, securities law, or misappropriation of property.
This statement also confirms that, within the 10 years prior to the date of the disclosure document, Cordova and related individuals have not been convicted of a felony, pleaded nolo contendere to a felony charge, been held liable in a civil action by final judgment, or been subject to any material complaint or other legal proceeding involving similar violations or brought by a present or former purchaser-investor concerning the business opportunity relationship.
Furthermore, Cordova and related individuals are not subject to any currently effective injunctive or restrictive order or decree relating to the franchise, or under any federal, state, or Canadian franchise, securities, business opportunity, antitrust, trade regulation, or trade practice law as a result of concluded or pending action or proceeding brought by a public agency. They are also not a party to a proceeding currently pending in which an order is sought, relating to or affecting business opportunity activities or the seller-purchaser-investor relationship, or involving fraud.