7 Eleven Inc Class Action Suit
7 Eleven was sued by several franchisees of 7-Eleven stores in Illinois, Pennsylvania, New Jersey and Nevada, who purport to represent a nationwide class of all persons who have owned 7-Eleven franchises anywhere in the United States.
There were several rulings in 7 Eleven's favor. In addition, of the 11 original causes of action, only one claim was certified to proceed as a class action.
This claim alleges that 7-Eleven franchisees were injured as a result of allegedly fraudulent statements about 7 Eleven's financial condition that were made during and after 7 Eleven's LBO and Chapter 11 bankruptcy proceedings.
The case was filed in the United States District Court for the Northern District of Illinois.