Quiznos reaches settlement with 12 defunct franchisees that agree to drop about US$40M in claims against bankrupt sandwich chain
April 8, 2014
(Industry Intelligence Inc.)
– Quiznos has reached a settlement with 12 defunct franchisees that have agreed to drop about US$40 million in claims against the bankrupt sandwich chain, Dow Jones Newswires reported April 7.
The 12 lawsuits were offshoots of a class-action lawsuit brought about by franchisees against Quiznos that was settled earlier.
The primary source of this article is Dow Jones Newswires, New York, New York, on April 7, 2014. Click here to read the primary source's full version of the article.