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Stock impact report

75-year-old fast-food chain sues over dozens of store closures [Yahoo! Finance]

Jack In The Box Inc. (JACK) 
Last jack in the box inc. earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
As the company works through a broader plan to close underperforming locations, a dispute with one of its largest franchise operators is intensifying, raising questions about who ultimately controls whether restaurants stay open or shut down. At the center of the conflict is Jack in the Box, which is now seeking to halt a wave of closures it says a franchisee has no right to carry out. Jack in the Box's legal dispute intensifies over unpaid fees and closures Jack in the Box JACK ) has filed for a restraining order in Washington state court to block franchisee AJP Enterprises from closing 38 restaurants across the Seattle metro area. The legal action follows the company's termination of AJP Enterprises in March over $1.4 million in unpaid marketing fees. According to court filings , the franchisee was given 30 days to fix the default, but failed to do so. Despite that notice, AJP Enterprises informed the fast-food chain of its intention to begin closing the remaining locatio Show less Read more
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