Franchisee Settlement Could Cost Quiznos Up To $95M

Law360, New York (November 24, 2009, 4:34 PM EST) -- An U.S. district court judge has granted preliminary approval to The Quizno's Franchise Co. LLC's agreement to pay up to $95 million to settle four class actions lodged by restaurant franchise owners, who accused the sandwich chain of misrepresenting the financial prospects of its contracts with franchisees.

U.S. District Judge Rebecca Pallmeyer gave the settlement preliminary approval at a hearing Friday in the U.S. District Court for the Northern District of Illinois, where four class action suits filed by franchisees of Denver-based Quiznos in Colorado, Wisconsin...
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