FDD Items 3 & 4 · 2026 filing
Altitude Trampoline Park litigation history
What Altitude Trampoline Park disclosed about lawsuits, arbitrations and bankruptcy in the 2026 Franchise Disclosure Document. Item 3 lists the material legal actions a franchisor must report; Item 4 covers bankruptcy. This is the franchisor's own disclosure, not a court record, and not legal advice.
Items 3 & 4 at a glance
What the filing discloses
- Cases disclosed
- 4
- Item 3, as counted in the filing
- Largest disclosed settlement
- $1.1M
- As stated in Item 3
- Bankruptcy (Item 4)
- Disclosed
- Franchisor, parent, predecessor or officer
- Filing year
- 2026
- Disclosures cover the prior ten years
Extracted from the 2026 Franchise Disclosure Document
Item 3: litigation
Three personal injury lawsuits from New Jersey franchised Park alleging negligence and consumer fraud; one franchisee arbitration (Bedrock) stayed by agreement; concluded cases include predecessor-related disputes (ATPH v. Skallerup/Rutten settled Dec 2021, Jim Kamp settled $200K, Bump It Up settled $1.075M, Pruitt settled $10K)
Disclosed in the 2026 Franchise Disclosure Document
Item 4: bankruptcy
Ruby Tuesday, Inc. filed Chapter 11 bankruptcy October 7, 2020; Aziz Hashim (Chairman of parent ATPH Board) was an officer of Ruby Tuesday at time of filing; case closed December 10, 2021
Disclosure signals that moved the score
How this shows up in the verdict
- Multiple active personal injury lawsuits and pending arbitration indicate systemic liability exposure and potential operational/safety issues
- Litigation history includes fraud allegations and misrepresentation claims, raising concerns about franchisor transparency and agent practices
- Going Concern status of 'False' is ambiguous; clarification needed on franchisor financial stability
The verdict grade is FranchiseVerdict's editorial assessment across SBA loan performance, unit growth, revenue and disclosure signals. It is not investment advice.
Before you weigh a lawsuit
How to read Item 3
A franchisor must disclose pending actions and any material civil action involving the franchise relationship, plus convictions or civil judgments for fraud, unfair or deceptive practices, or franchise-law violations, going back ten years. A case the franchisor brought against a franchisee counts too. Item 3 does not include every dispute: settled claims below the materiality line and matters resolved in private arbitration can be absent.
Questions worth asking current and former franchisees, using the contact list in Item 20:
- Were you, or anyone you know in the system, party to a dispute with the franchisor?
- Was it resolved by settlement, arbitration or a court, and on what terms?
- Has the number of disputes gone up or down since you signed?