Does Ledgers have any pending criminal actions alleging a violation of franchise law?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
With the exception of what is stated above, the following applies to the franchisor, its predecessor, a person identified in Item 2, or an affiliate offering franchises under the franchisor's principal trademark:
- A. No such party 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.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, there are no pending criminal actions alleging a violation of franchise law against the franchisor or its affiliates. The FDD states that no administrative, criminal, or civil action is pending against Ledgers, its predecessors, individuals identified in Item 2, or affiliates offering franchises under the principal trademark, 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.
This indicates that Ledgers has not been involved in any legal disputes of this nature at the time of the FDD's publication. This absence of pending actions can be seen as a positive sign for potential franchisees, suggesting a stable and legally compliant franchise system.
However, it is important to note that this statement only reflects the situation at the time the FDD was issued. Prospective franchisees should consider conducting their own due diligence, including consulting with an attorney, to assess the current legal standing of Ledgers and any potential risks associated with investing in the franchise.