Franchise Group Settlement

If you held or owned the common stock of Franchise Group (f/n/a Liberty Tax, Inc.) (NYSE:FRG) between January 1, 2019, and December 17, 2019, both dates inclusive (the “Class Period”), you could be entitled to a payment from a class action settlement (the “Settlement”).

The Court held a Settlement Hearing on April 16, 2021, at 10:00 a.m. Following the hearing, the Court entered its Order and Final Judgment approving the Settlement (which can be viewed here). The Settlement will provide a gross amount of five million six hundred thousand dollars and no cents ($5,600,000.00) (the “Settlement Amount”), plus interest earned thereon, minus attorneys’ fees, costs, administrative expenses, and any compensatory awards to the Plaintiffs, and net of any taxes, to pay claims of investors who held or owned Franchise Group common stock during the Class Period.

If you owned shares of Franchise Group common stock at 5:00 p.m. Eastern Time on November 13, 2019 and did not tender such shares into the tender offer, in order to be potentially eligible to receive a payment under the proposed settlement, you must have submitted a Proof of Claim form so that it was postmarked or received no later than March 22, 2021. Payments to Authorized Claimants will be made after the completion of all claims processing. Please be patient, as this process will take some time to complete.

The Frequently Asked Questions page of this website has more information on your rights as a Class Member in this Action.

Your legal rights will be affected whether you act or do not act. If you do not act, you may permanently forfeit your right to recover on any claim you might have. Therefore, you should read the Notice carefully.

Your Legal Rights and Options in This Settlement

Submit a Claim Form	For Non-Tendering Stockholders, the deadline to submit Proof of Claim forms was March 22, 2021.
Object	The deadline to object to the Settlement was April 2, 2021.
Go to the Hearing	The deadline to ask to speak in Court about the fairness of the Settlement was April 16, 2021.
Do Nothing	For Tendering Stockholders, you did not need to do anything to receive your portion of the Settlement proceeds. For Non-Tendering Stockholders, you must have timely submitted your Proof of Claim form. If you did nothing, you will get no payment and give up your rights.