Court Allows Execution of Judgment Entered in September
MIAMI, Dec. 19 /PRNewswire/ -- The New York State Supreme Court for the
County of New York today ruled today that LaVan Hawkins and two of his
corporations must pay $8.4 million to Franchise Acceptance Corporation (FAC),
an affiliate of Burger King Corporation. The Court today denied Hawkins'
motion to vacate a default judgment issued in September in favor of FAC and
lifted a stay of execution on the judgment, which had been granted at a
hearing on September 27. FAC filed suit in July to seek to recover amounts
due and owed to it on 21 promissory notes signed by Mr. Hawkins and his
companies.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990804/FLW005-a )
"This judgment is a complete victory for FAC and clears the way for FAC to
recover the monies owed to it by Mr. Hawkins," said Howard Wolfson, outside
counsel for FAC with the Manhattan-based law firm of Morrison, Cohen, Singer
and Weinsten.
FAC is a special purpose entity established solely to lend money to
BURGER KING(R) franchisees in the U.S. and Canada. FAC is wholly owned by
Diageo, plc, through one of its subsidiaries and, accordingly, is an affiliate
of Burger King Corporation.
SOURCE Burger King Corporation
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Related links:
http://www.burgerking.com
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PR Newswire Photo Desk, 888-776-6555 or 201-369-3467
Company News On-Call:
http://www.prnewswire.com/comp/124650.html or fax,
800-758-5804, ext. 124650
CONTACT:
Rob Doughty or Kim Miller, both of Burger
King, 305-378-7277
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