VIRGINIA BEACH, Va., Oct. 2, 2020 /PRNewswire/ — Loyalty Brands, the parent company for multiple like-minded business service franchises, recently announced that after two years of litigation, the Class Action Suit filed against its CEO, John Hewitt, has been dismissed by the United States Court of Appeals.
The Court of Appeals affirmed the judgement of the United States District Court for Eastern New York handed down in January of 2020. At that time, it was found categorically that claims raised by class action plaintiffs were to be dismissed before ever reaching trial.
The Lead Plaintiff-Appellant IBEW Local 98 Pension Fund appealed the motion to dismiss the January 21st judgement. This dismissal of the Class Action suit by two federal courts upholds a consensus that the shareholders of Liberty Tax Service, the company in which Hewitt was the Founder and former CEO, were not hurt by any actions taken by