Welcome to the Settlement website for the Franchise Group Settlement (the “Action”).
If you held or owned the common stock of Franchise Group (f/n/a Liberty Tax, Inc.) (NYSE:FRG) between January 1, 2019, and December 17, 2019, both dates inclusive (the “Class Period”), you could be entitled to a payment from a class action settlement (the “Settlement”).
The Court will hold a Settlement Hearing on April 16, 2021, at 10:00 a.m. to decide whether to approve the Settlement. If approved by the Court, the Settlement will provide a gross amount of five million six hundred thousand dollars and no cents ($5,600,000.00) (the “Settlement Amount”), plus interest earned thereon, minus attorneys’ fees, costs, administrative expenses, and any compensatory awards to the Plaintiffs, and net of any taxes, to pay claims of investors who held or owned Franchise Group common stock during the Class Period.
If you owned shares of Franchise Group common stock at 5:00 p.m. Eastern Time on November 13, 2019 and did not tender such shares into the tender offer, in order to be potentially eligible to receive a payment under the proposed settlement, you must submit a Proof of Claim form so that it is postmarked or received no later than March 22, 2021. Payments to Authorized Claimants will be made only if the Court approves the Settlement and a Plan of Allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.
The Frequently Asked Questions page of this website has more information on your rights as a Class Member in this Action.
Your legal rights will be affected whether you act or do not act. If you do not act, you may permanently forfeit your right to recover on any claim you might have. Therefore, you should read the Notice carefully.