Search / 3 results found

  • Updated

In a rare feat in the franchise world, Liberty Tax Service closed its SPAC deal July 2 when it merged with a special purchase acquisition company to become part of NextPoint Financial, along with new sister company LoanMe. The deal closed amid an ongoing lawsuit filed by Liberty Tax against its founder, John Hewitt.

  • Updated

Liberty Tax Service is suing its founder, John Hewitt, his holding company Loyalty Brands and the new tax prep franchise he acquired, ATAX, alleging a "wide-ranging and ongoing scheme to unfairly compete against Liberty.” Hewitt called the allegations "a pack full of lies."