DealBreaker – Rick Schaden founded Quiznos and then ran it into the ground, clearing the way for Avenue Capital Group and Fortress Investment Group to snap it up two years ago. So he thinks it’s pretty ungrateful for them to turn around and sue him, especially after they allegedly agreed not to.
Former owner/CEO Richard ‘Rick’ Schaden and his management team filed their objection in bankruptcy court, stating that Avenue Capital Group and Fortress Investments, first-lien lenders that took over the troubled chain in January 2012, had no right to sue their group on claims of fraud and breach of fiduciary duty.
