$7M Jackson Hewitt Franchise Suit Survives Ch. 11 Discharge

Law360, New York (March 20, 2014, 5:04 PM EDT) -- An Oregon franchisee of Jackson Hewitt Inc. can continue with its $7 million contract-breach suit against the nation’s second-largest tax preparation service, despite missing a deadline to contest a Chapter 11 bankruptcy discharge of its claims, a New Jersey federal judge ruled Thursday.

Boise, Idaho-based FasTax Inc. is accusing Jackson Hewitt of interfering with FasTax's efforts to get the best price for franchise territories it was selling, alleging the tax preparation company imposed an unrealistic two-week time frame for finding prospective buyers for the territories because...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

FASTAX, INC. v. JACKSON HEWITT, INC. et al


Case Number

2:13-cv-03078

Court

New Jersey

Nature of Suit

Contract: Franchise

Judge

William J. Martini

Date Filed

May 14, 2013

Law Firms

Companies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.