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We the People, continued

we the peopleDollar Financial is getting about $3.25 million back from the founders of We The People (Ira and Linda Distenfield). Dollar Financial alleges that the sellers of We The People deliberately concealed certain franchise sales breached representations and warranties with respect to a number of undisclosed liabilities and other matters arising from the acquisition.

Readers may remember this not-so-flattering review, “We The People, or We The Screwed?” on FranchisePundit.com last year.

As an aside, the founders of We The People are now a soon-to-be 20 unit franchisee and (equity owner?) broker of the PR Store, which is a fine concept.

About Ryan Knoll

Attorney and advisor with an interest in franchising. Feel free to email me comments and questions on the "Contact Us" page.

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