December 28, 2006
Every Dollar Counts: Dollar Financial Settles Litigation
Dollar Financial Corp (NASDAQ: DLLR) announced that on December 19, 2006, it settled its litigation with IDLD, Inc., the previous owners of DFC’s We The People legal document preparation service franchise. DFC purchased We The People in early 2005 and later sued IDLD alleging concealment of franchise sales and breaches of representations and warranties. DFC will, among other things, receive approximately $3.25 million of funds previously escrowed from the We The People acquisition, according to this article.