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Log In / Register | Nov 21, 2014

CIT Testimony Blocked in Dunkin' Trial

PROVIDENCE, RI — After six years of litigation with Dunkin’ Donuts over losing his six stores and store development agreements to open new restaurants, franchisee Irwin Barkan was convinced that the franchisor intentionally interfered in his efforts to refinance his debt. 

Dunkin’ Donuts to Gobble Up Kainos Franchises

CHEEKTOWAGA, N.Y. – Dunkin' Brands has announced its intent to purchase some of the stores of troubled Kainos Partners Holding Company, a master franchise of 56 Dunkin' Donuts shops located in New York, South Carolina and Nevada. Dunkin' will acquire the franchise's stores to be owned and run by the franchisor, and then refranchise them later.

Franchise Lender CIT Emerges from Bankruptcy, $2.3 Billion Wiped Out

Franchise lender CIT has emerged from Federal Chapter-11 reorganization after only 38 days, but the US Treasury's TARP program (and taxpayers) had the entire $2.3 billion injection claim dismissed (and therefore lost) by Judge Gropper.

CIT Group: Non-Performing Franchisee Loan Data Needed

In looking at CITs last few earnings calls, its February 2009 investor presentation (www.cit.com), as well as todays (Friday, July 17) Wall Street Journal (http:on