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Stock impact report

Jack in The Box Lawsuit Over Washington Franchise 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
Washington , even as the company continues a broader effort to close struggling stores across the country. According to industry publication Restaurant Business the San Diego-based fast-food chain filed for a restraining order in Washington state court after franchise operator AJP Enterprises threatened to begin closing its remaining restaurants on April 22. Court filings indicate that Jack in the Box terminated AJP's franchise agreements last month after the operator allegedly failed to pay $1.4 million in required marketing fees. The company says the stores cannot legally close while the dispute is still being fought in court. COMPLEX SHOP: Shop the brands you love, anytime and anywhere. Uncover what's next. Buy. Collect. Obsess. The fight centers on Steve Wazny, who owns both AJP Enterprises and sister company NHG Enterprises. Wazny's companies had already been locked in a yearslong battle with Jack in the Box after the franchisee closed eight underperforming restaurants in Show less Read more
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