Superb Attorney Rating by AVVO: With more than 33 years of legal experience, Richard Rydstrom is rated Superb, 10 out of 10 by Avvo – the world’s largest rating directory of lawyers. He has vast experience representing plaintiffs, defendants, business owners, consumers, homeowners and mortgage banking institutions. Richard is considered a national expert in civil litigation, business and the mortgage banking industry with emphasis in Small Business & Franchise Protections.
1-877-WIN-4-YOU Attorney Rich Rydstrom
2022 NEWS FTC FRANCHISING FRAUD: The FTC (and DOJ) filed a fraud and illegal practices lawsuit against Burgerim, the first FTC action under the Franchise Rule since 2007, for uncertain fees (royalties, loyalty fees, kickbacks), misrepresentations (‘business in a box’), predatory practices, not opening stores, leaving franchisees in debt, targeting of veterans, etc. Franchisor Oren Loni, reportedly left the country. “The FTC’s Franchise Rule is designed to stop franchisors from taking advantage of prospective franchisees who are considering opening their own businesses,” said Acting Assistant Attorney General Brian M. Boynton of the Justice Department’s Civil Division. “The Consumer Protection Branch will vigorously pursue those who violate the law by using misrepresentations to sell franchises.” Click Link to Read FTC Burgerim Complaint | Note making a private right of action for Franchise Rule violations will a cause of action for same, but it also allows evidence to support all appropriate state causes of action such as Fraud, UCL, Breach of Contract, Promissory Estoppel, etc. The latter is exactly that strategy used by attorney Rich Rydstrom to enforce the HAMP Guidelines in California Courts (See West v. JP Morgan Chase, 2013). The FTC implemented a new fraud reporting tool for franchisees, ReportFraud.FTC.gov. |
2023 Asset Protection Article:
Franchise & Small Businesses!
Entities Alone, Are Almost Useless Without the Safe Silo Device!
Don’t Be A Sitting-Duck
CLICK LINK FRANCHISE OWNER PROTECTIONS ARTICLE