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FTC v MINUTEMAN PRESS Click to find out why . . .



Keywords & Phrases
CaseNo: FVMP111198, CourtCode: FED, CourtName: FEDERAL TRADE COMMISSION, Plaintiff: FTC, State: NY New York, UniqueCaseRef: LCD>FVMP111198, Franchisees, Sales, Minuteman, Ftc, Speedy, Act, Earnings Claims, Practices, Commission, Representations, York, Trade, Gross Sales, Prospective Franchisees, Franchise Rule, One-third, Consumers, Royalty Statements, Business Opportunity, Federal Trade, Complaint, Monthly Sales, Roy Titus, Violations, Transfer/training Fee, Profitability Claims, United Stat-es District , ContentID: 120247513

Case Documents
1   MEMORANDUM AND ORDER
[ see first page and extracted highlights below  ] ItemID: 117900
28 pages
PDF
Total Documents: 1 document , 28 pages
Price: $ 19.95


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1 . MEMORANDUM AND ORDER

EXTRACTED KEY WORDS
DEFENDANTS
SALES
MINUTEMAN
FTC
SPEEDY
ACT
COURT
EARNINGS CLAIMS
PRACTICES
COMMISSION
REPRESENTATIONS
YORK
PLAINTIFF
TRADE
GROSS SALES
PROSPECTIVE FRANCHISEES
FRANCHISE RULE
ONE-THIRD
CONSUMERS
ROYALTY STATEMENTS
BUSINESS OPPORTUNITY
FEDERAL TRADE
COMPLAINT
MONTHLY SALES
ROY TITUS
VIOLATIONS
TRANSFER/TRAINING FEE
PROFITABILITY CLAIMS
UNITED STAT-ES DISTRICT
UNITED STAT-ES DISTRICT COURT
EASTERN DISTRICT OF NEW YORK
--------------------------------------------------- x
FEDERAL TRADE COMMISSION,

                               Plaintiff,                              MEMORANDUM AND
                                                                      ORDER
                                                                      93-CV-2496 (DRH)

                            -against-

MINUTEMAN PRESS, et al.,

                                         Defendants.
--------------------------------------------------- x
A P P E A R A N C E S:

For Plaintiff:
          Patricia S. Howard, Esq.
          Paul H. Luehr, Esq.
          John A. Singer, Esq.
          6th and Pennsylvania Avenue, N.W.
          Washington, DC 20580

Ronald L. Waldman, Esq.
150 William Street, Suite 1300
New York, New York 10038

For Defendants:
          Herz & Ryder
          1640 New Highway
          Farmingdale, New York 11735
              By: Edward B. Ryder, Esq.



Quadrino & Schwartz, P.C.
666 Old Country Road - Suite 207
Garden City, New York 11530
    By: Richard J. Quadrino, Esq.
           Evan S. Schwartz, Esq.

HURLEY, District Judge



                                       INTRODUCTION


SNIPPETS:
  • UNITED STAT-ES DISTRICT COURT EASTERN DISTRICT OF NEW YORK
  • For Plaintiff:
  • The Federal Trade Commission ("FTC" or "Commission") commenced the present
  • action to halt alleged deceptive practices in the sale of Minuteman Press International,
  • print shop franchises and Speedy Sign-A-Rama, U.S.A., Inc. sign-making
  • In its complaint, the FTC alleges that defendants
  • violated Section 5of the Federal Trade Commission Act,
  • Franchising and Business Opportunity Ventures" ("Franchise Rule" or the "Rule"),
  • falsely representing to prospective franchisees that one-third of their gross sales
  • making earnings claims concerning gross sales and profit levels to prospective
  • for consumers allegedly harmed by defendants' activities.
  • defendant Roy Titus -- "many stores doing up to $20,000 by the end of the first year," (Tr.
  • Profit Representations Made by
  • In addition to furnishing prospective franchisees with gross monthly sales figures,
  • Minuteman and Speedy often made profitability claims,
  • Franchisees could expect that one-third of gross sales-would be for fixed costs,
  • Franchisees are required to file monthly royalty statements with Minuteman
  • as Well as the Failures to I)isclose the Mandatory Transfer/Training Fee
  • violations of Section 5.
  •    |