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Avenue Capital Sues Quiznos Former Ownership for Fraud

New Quiznos headquarters in Denver
Quiznos headquarters moves from downtown Denver. Shutters company store prototype. photo/js

DENVER—Multi-billionaire hedge fund investors Avenue Capital and Fortress Investments filed a federal lawsuit against Quiznos former owners Richard ‘Ric’ Schaden, father Dick Schaden and key executives.

Quiznos' Attorney Shows Lack of Transparency in Settlement

On the day Quiznos filed for Chapter 11 bankruptcy, outside counsel Fredric ‘Ric’ Cohen declared to a popular magazine for franchising readers, “Vindication. It’s vindication,” seeming to say that his client was exonerated in settling the last 13 franchisee lawsuits.

Avenue Capital May File Claim against Quiznos Schaden Group for Misconduct

WILMINGTON - Quiznos sandwich chain filed for Chapter 11 bankruptcy protection last Friday, providing its detailed plan for reorganization.

Quiznos Could File Bankruptcy by Monday Making Avenue Capital's Investment Toast

Quiznos Could File Bankruptcy by Monday
Photo by bmm

NEW YORK – Hedge-fund billionaire Marc Lasry is performing a high-wire act negotiating with lenders on another restructuring deal of Quiznos’ $600 million debt.

Quiznos Completes Financial Restructuring

DENVER —- Quiznos announced today that it has completed an out-of-court financial restructuring plan that will eliminate one third of its outstanding debt.

Quiznos Strikes Deal on Debt Restructuring

Quiznos Lower Price Every Day Campaign 2009
Quiznos 2009 marketing campaign, "Lower prices every day." photo/AR McLin

DENVER - After struggling with slumping sales and a recent violation of debt terms, Quiznos has now struck a deal with Avenue Capital Group, a hedge fund controlled by billionaire Marc Lasry.