CD Warehouse Franchisees File Demand - Want out of CD Warehouse System.Business Editors CAPE GIRARDEAU Cape Girardeau (jĭrär`dō, jērərdō`), city (1990 pop. 61,633), Cape Girardeau co., SE Mo., overlooking the Mississippi River; founded 1793, inc. as a city 1843. , Mo.--(BUSINESS WIRE)--Oct. 9, 2001 CD Warehouse, Inc., the Oklahoma City Franchisor served with a shareholder derivative suit shareholder derivative suit A special type of class action lawsuit filed by one shareholder or by a limited number of shareholders on behalf of all of the other shareholders in a firm. last week, now faces more Franchisee litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. . CDWI Franchisees Paul and Peggy MacDougall filed a Demand for Arbitration Monday, requesting to be released from their franchise agreements. The MacDougalls, who were CD Warehouse's "Operator of the Year" in 1998, operate three of CDWI's Top 20 stores in sales volume. In their demand, the MacDougalls state the franchisor has failed to provide support and services for royalties paid. "We've been promised a new POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale software system for four years, and they haven't delivered," said Paul MacDougall, "and that is just one of the promises they have failed to act upon. At this point, I see no advantage in being part of the CD Warehouse system." This filing is the latest in a series of disputes between CDWI and its franchisees. CD Warehouse has seen their store count drop from over 330 last year, to 266 this month. The MacDougalls own and operate CD Warehouse franchises in Cape Girardeau, Missouri “Cape Girardeau” redirects here. For the Cape Girardeau meteorite of 1846, see Meteorite falls. Cape Girardeau (pronounced /ˈkʰeɪp dʒəˈɹɑɹdoʊ/) (French: , Carbondale, Illinois and Paducah, Kentucky. For any questions or to set up a time to visit the store or interview, please contact: Paul MacDougall (573) 339-1266. |
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