In New York, does the Fitstop FDD state that no additional litigation is required to be disclosed?

According to the 2024 Fitstop Franchise Disclosure Document, for the state of New York, the document states that no additional litigation is required to be disclosed. This means that Fitstop is not required to provide further details about any legal proceedings beyond what is already included in the standard sections of the FDD.

This statement suggests that Fitstop believes the litigation disclosures made elsewhere in the FDD are sufficient for prospective franchisees in New York. However, it is important to note that Item 3 is deleted and replaced with information regarding administrative, criminal, or material civil or arbitration actions pending against Fitstop or its affiliates, as well as pending actions other than routine litigation incidental to the business. Item 4 is also deleted and replaced with information regarding bankruptcy filings.

While this statement provides some reassurance, prospective franchisees should still carefully review all litigation disclosures in Item 3 and Item 4 of the FDD and conduct their own due diligence. It is advisable to consult with a legal professional to fully understand the implications of any disclosed litigation and its potential impact on the franchise investment.