Tim Hortons franchisee in Minnesota sues parent company for financial misrepresentation [Toronto Globe and Mail (Ontario, Canada)]
Restaurant Brands International Inc. Common Shares (QSR)
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Source: Toronto Globe and Mail
Tim Hortons franchisee in Minnesota sues parent company for financial misrepresentation Just as Tim Hortons is getting close to settling franchisee disputes in Canada, the country’s largest coffee chain faces a fresh legal spat in the United States. Tim Minn Inc., a Tim Hortons franchisee in Minnesota with the right to develop more than 26 restaurants in the state, sued the Oakville, Ont.-based restaurateur on Wednesday, alleging it had misrepresented the financial performance potential of the business. The 1-count complaint contends that Tim Hortons USA Inc. and its parent, Restaurant Brands International Inc. (RBI), made false financial representations to fraudulently induce Tim Minn to open more Tim Hortons restaurants than any other “area developer” in the United States. Story continues below advertisement “The false and/or misleading financial representations provided to [Tim Minn] by [Tim Hortons] caused [Tim Minn] to invest a substantial amount of money, time, and effort into b
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