FDD Items 3 & 4 · 2025 filing
Just Between Friends litigation history
What Just Between Friends disclosed about lawsuits, arbitrations and bankruptcy in the 2025 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 (litigation) & 4 (bankruptcy) at a glance
What the filing discloses
- Cases disclosed
- 2
- Item 3, as counted in the filing
- Largest settlement, franchisor's own cases
- None stated
- Bankruptcy (Item 4)
- None
- Franchisor, parent, predecessor or officer
- Filing year
- 2025
- Disclosures cover the prior ten years
Extracted from the 2025 Franchise Disclosure Document
Item 3: litigation
Two cases disclosed involving JBF officer Robert Petre in an unrelated prior role as CFO of Osage LLC; both dismissed with prejudice in 2016. No litigation involving JBF itself required to be disclosed.
Item 3 (litigation) · 2 matters disclosed
Litigation cases
Officers and directors (individuals, not the company)
Concluded (2)
Osage Nation and Osage, LLC v. Carol Leese, Robert Petre, Michael Morrisett, and IR Partners, LLC
dismissedRobert Petre · filed 2015-07-20 · Osage County Oklahoma District Court · CJ-2015-140
“… Osage County Oklahoma District Court Case No. CJ-2015-140.”Page 12 of the 2025 FDD, Item 3
Osage Nation and Osage, LLC v. Carol Leese, Robert Petre, Red Eagle Feather Distributing, LLC, et al.
dismissedRobert Petre · filed 2015-05-22 · Osage County Oklahoma District Court · CJ-2015-111
“Osage Nation and Osage, LLC v. Carol Leese, Robert Petre, Red Eagle Feather Distributing, LLC, Yancy Redcorn, Betsy A. Brown, New Market Technology Fund I, LLC, New Market Technology Fund, LLC, Howard C. Hill, Teradact Solutions, Inc., and Christopher K. Schrichte, Osage County Oklahoma District Court Case No. CJ-2015-111.”Page 11 of the 2025 FDD, Item 3
Item 3 lists the litigation the franchisor must disclose; a matter against a parent, an affiliate or a named officer is not a matter against the franchisor, and pending claims are allegations, not findings.
Disclosure signals that moved the score
How this shows up in the verdict
- Officer litigation history (Robert Petre/Osage LLC) raises governance and financial management concerns, though cases dismissed
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?