Besides the exceptions described, does Learningrx have any pending administrative, criminal, or civil actions alleging a violation of franchise, antitrust, or securities law?
Learningrx Franchise · 2025 FDDAnswer from 2025 FDD Document
- (A) Except as described above, neither we, our predecessors, a person identified in ITEM 2 nor an affiliate offering franchises under our principal trademark has an administrative, criminal or civil action pending against that person alleging: a felony; a violation of a franchise, antitrust or securities law; fraud, embezzlement, fraudulent conversion, misappropriation of property; unfair or deceptive practices or comparable civil or misdemeanor allegations; or any pending actions, other than routine litigation incidental to the business, which are significant in the context of the number of franchisees and the size, nature or financial condition of the franchise system or its business operations.
- (B) Except as described above, neither we, our predecessors, a person identified in ITEM 2, nor an affiliate offering franchises under our principal trademark has been convicted of a felony or pleaded nolo contendere to a felony charge or, within the ten (10) year period immediately preceding the application for registration, has been convicted of or pleaded nolo contendere to a misdemeanor charge or has been the subject of a civil action alleging: violation of a franchise, antifraud or securities law; fraud, embezzlement, fraudulent conversion or misappropriation of property, or unfair or deceptive practices or comparable allegations.
- (C) Except as described above, neither we, our predecessor, a person identified in ITEM 2, nor an affiliate offering franchises under our principal trademark is subject to a currently effective injunctive or restrictive order or decree relating to the franchise, or under a federal, State or Canadian franchise, securities, antitrust, trade regulation or trade practice law, resulting from a concluded or pending action or proceeding brought by a public agency; or is subject to any currently effective order of any national securities association or national securities exchange, as defined in the Securities and Exchange Act of 1934, suspending or expelling such person from membership in such association or exchange; or is subject to a currently effective injunctive or restrictive order relating to any other business activity as a result of an action brought by a public agency or department, including, without limitation, actions affecting a license as a real estate broker or sales agent.
Source: Item 23 — RECEIPT (FDD pages 54–209)
What This Means (2025 FDD)
According to Learningrx's 2025 Franchise Disclosure Document, Learningrx states that, except as described elsewhere in the document, neither Learningrx, its predecessors, any person identified in Item 2, nor any affiliate offering franchises under Learningrx's principal trademark has any pending administrative, criminal, or civil actions alleging a violation of franchise, antitrust, or securities law. This statement also confirms that there are no pending actions alleging fraud, embezzlement, misappropriation of property, unfair or deceptive practices, or any other significant actions beyond routine litigation.
Furthermore, Learningrx states that the same parties have not been convicted of a felony or pleaded nolo contendere to a felony charge within the ten years preceding the application for registration. They also have not been subject to a civil action alleging violation of franchise, antifraud, or securities law; fraud, embezzlement, fraudulent conversion, or misappropriation of property; or unfair or deceptive practices or comparable allegations within that timeframe, except as described elsewhere in the FDD.
Finally, Learningrx confirms that, except as described above, none of the aforementioned parties are subject to any currently effective injunctive or restrictive order or decree relating to the franchise, or under federal, State, or Canadian franchise, securities, antitrust, trade regulation, or trade practice law, resulting from a concluded or pending action brought by a public agency. They are also not subject to any order from a national securities association or exchange, or any injunctive or restrictive order relating to other business activities as a result of an action by a public agency.