FDD Items 3 & 4 · 2025 filing
Venture X litigation history
What Venture X 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
- 4
- 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
No litigation required to be disclosed for the franchisor itself. Item 3 discloses restrictive orders against affiliates: FTC injunction (1998) re Signarama, Maryland Securities Commissioner consent order (1996) re Signarama, and California DFPI consent orders (2021, 2022) re Great Greek Franchising and UFG for unregistered franchise sales activity.
Item 3 (litigation) · 4 matters disclosed
Litigation cases
Parent, affiliates, master franchisor and subfranchisor
Status not stated in the filing (4)
In the Matter of: The Commissioner of Financial Protection and Innovation v. Great Greek Franchising, LLC and UFG Group, Inc. dba United Franchise Group
Government or regulatory action · Great Greek Franchising, LLC (TGG), Graze Craze Franchising, LLC (GCZ) and UFG Group, Inc. dba United Franchise Group · filed 2022-03-04 · California Department of Financial Protection and Innovation
“On March 4, 2022, TGG, GCZ, and UFG entered into consent orders with the State of California, and its Department of Financial Protection and Innovation, as it relates to alleged violations which occurred at a trade show in California.”Page 17 of the 2025 FDD, Item 3
In the Matter of: The Commissioner of Financial Protection and Innovation v. Great Greek Franchising, LLC
Government or regulatory action · Great Greek Franchising, LLC (TGG, an affiliate) · filed 2021-08-09 · California Department of Financial Protection and Innovation
“TGG entered into a consent order with the Department of Financial Protection and Innovation of the State of California on August 9, 2021.”Page 17 of the 2025 FDD, Item 3
In the Matter of Speedy Sign-A-Rama, USA, Inc.
Government or regulatory action · Speedy Sign-A-Rama, USA, Inc. (Signarama, an affiliate) · filed 1996 · Securities Commissioner of Maryland · S-95-112
“Signarama entered into a consent order with the Securities Commissioner of Maryland in January 1996. The matter is captioned In the Matter of Speedy Sign-A-Rama, USA, Inc. and is Case No. S-95-112.”Page 16 of the 2025 FDD, Item 3
Federal Trade Commission, Plaintiff v. Minuteman Press International, Inc., Speedy Sign-A-Rama, USA, Inc., Roy W. Titus and Jeffrey Haber, Defendants
Government or regulatory action · Speedy Sign-A-Rama, USA, Inc. (Signarama, an affiliate) · filed 1993-06-04 · United States District Court, Eastern District of New York · CV 93-2496
“… (CV 93-2496) Filed on June 4, 1993, in the United States District Court, Eastern District of New York.”Page 16 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
- No franchisor litigation (only old affiliate orders)
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?