RE: RETAIL FOOD GROUP (RFG) CLASS ACTION
We refer to our update on 29 January 2018 and confirm that Bannister Law has been continuing with their investigations into a potential class action against Retail Food Group.
The investigation looked at:
(1) the disclosure provided to franchisees upon purchase and any representations made to franchisees; and
(2) the operation of the affairs under the franchise agreement; and
(3) any potential breaches in the franchise conduct of conduct, the Australia Consumer Law and the Corporations Law.
Following this investigation, after reviewing documentation and based on the merits of the case, Bannister Law was unable to secure funding and has decided to not pursue the case on behalf of franchisees.
If you feel you are affected and wish to continue pursuing an action against Retail Food Group, we suggest contacting your State Tribunal (i.e. NCAT, VCAT, QCAT).
Yours faithfully,
Bannister Law
RFG Price at posting:
48.5¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)