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Investors sue Wendy's founder Dave Thomas over eCampus.com.(South Florida Sun-Sentinel)
FORT LAUDERDALE, Fla._More than two dozen investors from South Florida and Tennessee have filed lawsuits in both states against Wendy's founder Dave Thomas, claiming he violated securities laws when he solicited them to invest in a failed Internet textbook store in which he was an original investor.
The investors say they put a combined $2.8 million into the start-up company, Lexington, Ky.-based eCampus.com, in a private securities offering starting in August 1999.
The Florida lawsuit, filed in federal court in West Palm Beach, alleges that Thomas and L.D. Gorman, another original investor, violated securities laws because the shares sold in the offering had not been registered and were not exempt from registration. Thomas and …
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