FDD Items 3 & 4 · 2026 filing
Vision Source litigation history
What Vision Source 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
- None stated
- Bankruptcy (Item 4)
- None
- Franchisor, parent, predecessor or officer
- Filing year
- 2026
- Disclosures cover the prior ten years
Extracted from the 2026 Franchise Disclosure Document
Item 3: litigation
Vision Source initiated 4 lawsuits against franchisees in FY2025, all collection matters (Todd M. Clark O.D./Image Optical - OH; Wyse Willa Optometry/Hollywood Vermont Optometrics - CA; Professional Eyecare Center/Michael S Russell OD - IL; Capital Preservation Services - MS). No other litigation or bankruptcy required to be disclosed.
Item 3 · 4 matters disclosed
Litigation cases
The franchisor
Status not stated in the filing (4)
Vision Source, LLC vs. Capital Preservation Services, LLC
Brought against a franchisee · filed 2025-10-23 · County Court of Rankin County, MS · 1585668
“Vision Source, LLC vs. Capital Preservation Services, LLC, No. 1585668 (County Court of Rankin County, MS, filed October 23, 2025)”Page 11 of the 2026 FDD, Item 3
Vision Source, LLC vs. Professional Eyecare Center / Michael S Russell OD, LLC
Brought against a franchisee · filed 2025-09-30 · DuPage County Circuit Court · 2025AR002640
“Vision Source, LLC vs. Professional Eyecare Center / Michael S Russell OD, LLC, No. 2025AR002640 (DuPage County Circuit Court, filed September 30, 2025)”Page 11 of the 2026 FDD, Item 3
Vision Source, LLC vs. Todd M. Clark, O.D., LLC dba Image Optical
Brought against a franchisee · filed 2025-08-28 · Delaware County Common Pleas Court, Delaware County, OH · 176398.001
“Vision Source, LLC vs. Todd M. Clark, O.D., LLC dba Image Optical, No. 176398.001 (Delaware County Common Pleas Court, Delaware County, OH), filed August 28, 2025.”Page 11 of the 2026 FDD, Item 3
Vision Source, LLC vs. Wyse Willa Optometry Inc dba Hollywood Vermont Optometrics
Brought against a franchisee · filed 2025-10-28 · Superior Court of CA, LA - Burbank Courthouse · 14009921
“Vision Source, LLC vs. Wyse Willa Optometry Inc dba Hollywood Vermont Optometrics, No. 14009921 (Superior Court of CA, LA - Burbank Courthouse, filed October 28, 2025)”Page 11 of the 2026 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
- 4 litigation matters, all routine collections vs franchisees, trivial for 3,027 units
- No Item 19 (minor); no bankruptcy or distress
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?