Franchisee Fraud: When Fraud Threatens a Franchisor’s Good Name
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Franchisee Fraud: When Fraud Threatens a Franchisor’s Good Name
By Richard C. Pedone, Partner & Christopher M. Desiderio, Counsel, Nixon Peabody LLP
The typical response of a victim of fraud is to wage a full-scale attack on the perpetrator—report them to the authorities and seek to recover the maximum amount of damages without regard to the harm inflicted on the bad actor. However, this standard playbook would be counterproductive when a...
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Christopher Desiderio is a member of the Bankruptcy & Financial Restructuring and Franchising & Distribution groups of Nixon Peabody. He represents debtors, creditors, and official committees in all aspects of Chapter 7 and 11 cases. Representative clients include distressed companies, lenders, partnerships, creditors’ committees, and trustees in national and regional corporate bankruptcies.
Richard C. Pedone is a partner in the Bankruptcy & Financial Restructuring and Franchising & Distribution groups of Nixon Peabody LLP. He represents strategic buyers of financially troubled businesses, distressed debt purchasers, secured creditors, and other parties in financial restructuring and bankruptcy processes. Many matters that Pedone handles involve litigated disputes, allegations of fraud, and franchisor-franchisee disputes.
