In Connecticut, does the Monicals Pizza franchisor have any pending administrative actions alleging a violation of franchise law?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
FOR THE STATE OF CONNECTICUT
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- ITEM 3 is amended to read as follows:
- 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.
- Neither the Franchisor nor any other person identified in ITEMS 1 or 2 above has during the ten (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 such 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 purchaserinvestor or which involves or involved the business opportunity relationship.
- 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 such order is sought, relating to or affecting business opportunity activities or the seller-purchaserinvestor 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.
- Neither Company nor any person identified in ITEM 2 above is subject to any currently effective order of any national securities association or national securities exchange (as defined in the Securities & Exchange Act of 1934) suspending or expelling such persons from membership in such association or exchange.
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to the 2025 Monicals Pizza Franchise Disclosure Document, for the state of Connecticut, Item 3 is amended to state that neither the franchisor nor any person identified in Items 1 or 2 has any pending administrative action alleging a violation of any franchise law. This statement also confirms that there are no pending criminal or material civil actions, or a significant number of civil actions, against them 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.
Furthermore, Monicals Pizza states that neither the franchisor nor any person identified in Items 1 or 2 has, within the ten years preceding the date of the Disclosure Document, been convicted of a felony, pleaded nolo contendere to a felony charge, or been held liable in any civil action by final judgment. They also have not been the subject of any material complaint or other legal proceeding involving violations of 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 the business opportunity relationship.
Finally, Monicals Pizza confirms that neither the franchisor nor any person identified in Items 1 or 2 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. They are also not a party to a proceeding currently pending in which such order is sought, relating to or affecting business opportunity activities or the seller-purchaser/investor relationship, or involving fraud, including violations of business opportunity law, franchise law, securities law, or unfair or deceptive practices law, embezzlement, fraudulent conversion, misappropriation of property, or restraint of trade. Also, neither the company nor any person identified in Item 2 is subject to any currently effective order of any national securities association or national securities exchange suspending or expelling such persons from membership in such association or exchange.