Class Action: 7-Eleven to Pay $98 Million
7-Eleven has agreed to a $98 million settlement in franchisee class actions alleging misleading conduct and contract breaches.
Convenience chain 7-Eleven is to pay $98m in a settlement of franchisee class actions.
7-Eleven agreed to settle the class actions following a series of mediations in June. A spokesperson from the retail chain said “7-Eleven can confirm the parties have entered into a binding settlement deed which resolves the class actions without admission of fault or liability and which is subject to the approval of the Court.”
Background
In February 2018 the franchisees filed a claim in the Federal Court. The group of current and former franchisees alleged misleading and deceptive conduct, unconscionable conduct, and contract breaches by 7-Eleven. They also alleged that ANZ bank had provided loans that were unsustainable.
Currently, all class action claims against ANZ are preserved until after the proceedings against 7-Eleven have been resolved, at which point the position will be reviewed.
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