After CKE Enterprises rejected a consultant's offer to hire him for $25,000/month for a year, the consultant, a financial analyst, issued a negative report about the company (the parent company of Hardee's, Carl's Jr.'s and LaSalsa), causing the company to lose $160 million in market value. News-leader.com reports that the consultant, C. Clive Munro, was arrested by the FBI in Cheyenne, Wyoming, in October and was indicted on Thursday on four federal felony counts, including extortion, wire fraud and securities fraud. Mr. Munro, who is out on bail, faces a possible sentence of 49 years in prison if he's convicted.
Posted by franchiselawblog at November 9, 2004 04:37 PM