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Stock impact report

Del Taco closes 18 Colorado stores [Yahoo! Finance]

Jack In The Box Inc. (JACK) 
Last jack in the box inc. earnings: 2/19 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Del Taco franchisee Newport Ventures closed all 18 of its locations in Colorado on Thursday, according to court documents , leaving only one Del Taco open in the state. Newport Ventures filed for bankruptcy in October after Del Taco terminated its franchisee agreement. The brand found the operator in default of several parts of the franchisee agreement, including failure to pay a $125,000 development fee for 10 future restaurants in October, Shahvand Aryana, managing member of Newport Ventures, wrote in a court filing. The operator's lender informed the company that it would no longer fund Newport Ventures, and without this financial support, closure was the only option, said Chief Restructuring Officer Allen Soong. Soong was appointed by the c Read more
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