Was any money exchanged between Will Farris and Dryer Vent Squad Franchising LLC as part of the resolution?
Dryer_Vent_Squad Franchise · 2024 FDDAnswer from 2024 FDD Document
Will Farris v. Dryer Vent Squad Franchising LLC, Leiby Goldberger and Curt Swanson, Case No. 22-1311-I, filed in the Chancery Court for Davidson County, Tennessee at Nashville on October 2, 2022. The plaintiff, Will Farris, a former franchisee of Dryer Vent Squad, filed a suit against Dryer Vent Squad and our CEO and COO, Leiby "Leo" Goldberger and Curt Swanson, respectively, alleging that the defendants concealed material information that they had a duty to disclose to the plaintiff and in the Dryer Vent Squad Franchise Disclosure Documents. Plaintiff brought a three-count complaint alleging fraudulent inducement, fraudulent inducement by concealment, and injunctive relief. On January 11, 2023, Defendants filed an answer denying the claims**. Plaintiff Will Farris and Defendants amicably resolved their dispute (with no money exchanging hands) and, on March 31, 2023, the Court entered an order reflecting the dismissal with prejudice of their respective claims.**
Source: Item 3 — LITIGATION (FDD pages 11–15)
What This Means (2024 FDD)
According to Dryer Vent Squad's 2024 Franchise Disclosure Document, the dispute between Will Farris and Dryer Vent Squad Franchising LLC was resolved without any exchange of money. The FDD states that Will Farris, a former franchisee, filed a suit against Dryer Vent Squad, its CEO, and COO, alleging concealment of material information. Dryer Vent Squad denied these claims.
The document indicates that the dispute was amicably resolved. The court entered an order on March 31, 2023, dismissing the claims with prejudice. The phrase 'dismissal with prejudice' means that the case is permanently dismissed and cannot be brought back to court.
This resolution without monetary exchange may be viewed positively by prospective franchisees. It suggests that Dryer Vent Squad is willing to resolve disputes without necessarily resorting to financial settlements. However, it is important to note that each legal case is unique, and the outcome of one case does not guarantee a similar outcome in future disputes.