Judge Rules for Shakey's Pizza Franchisees in Bond Hearing <b></b>

Jan 8, 2004

Los Angeles-On December 12, a Los Angeles Superior Court judge ruled against Chin Yong Wong, chairman of the board of directors of Shakey's Inc. and managing director of Inno-Pacific Holdings Ltd., in a motion seeking a bond of $838,000 representing Wong's estimate of costs he would incur to defend himself against claims of fraud and negligent misrepresentation brought against him by 39 Shakey's franchisees.

According to a news release issued by the Shakey's Franchised Dealers Association (SFDA), Wong and Shakey's Inc. are defendants in an action brought late 2002 by franchisee plaintiffs, who are seeking as much as $15 million in damages. The case is set for trial on March 24, 2004. -PizzaMarketplace.com

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Most Popular

See all

Business News

This 28-Year-Old Entrepreneur With Down Syndrome Runs the World's Largest Sock Company. Here's How He Started It.

The eight-year-old company recently hit a record number of orders.

By Sherin Shibu

Science & Technology

5 Rule-Bending AI Hacks to Make Your Mornings More Productive and Profitable

By 2025, AI will transform productivity by streamlining workflows and cutting costs. Major companies like Microsoft, Google, and OpenAI are leading the way, advancing AI into "Phase 3," where tools act as digital assistants. Discover 5 AI hacks to boost efficiency and redefine your daily routine.

By Ben Angel

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

By Eve Gumpel

Marketing

5 Critical Mistakes to Avoid When Giving a Presentation

Are you tired of enduring dull presentations? Over the years, I have compiled a list of common presentation mistakes and how to avoid them. Here are my top five tips.

By Cynthia Kay