Wendy's 2015 Annual Report Download - page 30

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Wendy’s
Country/Territory Company Franchise
Argentina ................................................................... — 4
Aruba ...................................................................... — 4
Bahamas .................................................................... — 12
Chile ...................................................................... — 1
Curacao .................................................................... — 1
Dominican Republic .......................................................... — 10
Ecuador .................................................................... — 2
El Salvador .................................................................. — 17
Georgia .................................................................... — 9
Grand Cayman Islands ......................................................... — 2
Guam ...................................................................... — 4
Guatemala .................................................................. — 14
Honduras ................................................................... — 23
India ...................................................................... — 4
Indonesia ................................................................... — 42
Jamaica .................................................................... — 6
Japan ...................................................................... — 3
Malaysia .................................................................... — 9
Mexico ..................................................................... — 24
New Zealand ................................................................ — 22
Panama .................................................................... — 6
Philippines .................................................................. — 45
Puerto Rico ................................................................. — 78
Trinidad and Tobago .......................................................... — 8
United Arab Emirates ......................................................... — 17
Venezuela ................................................................... — 34
U.S. Virgin Islands ............................................................ — 2
International subtotal ........................................................ — 403
Grand total ............................................................. 632 5,847
Item 3. Legal Proceedings.
We are involved in litigation and claims incidental to our current and prior businesses. We provide accruals for
such litigation and claims when payment is probable and reasonably estimable. The Company believes it has adequate
accruals for continuing operations for all of its legal and environmental matters. We cannot estimate the aggregate
possible range of loss due to most proceedings being in preliminary stages, with various motions either yet to be
submitted or pending, discovery yet to occur, and significant factual matters unresolved. In addition, most cases seek
an indeterminate amount of damages and many involve multiple parties. Predicting the outcomes of settlement
discussions or judicial or arbitral decisions is thus inherently difficult. Based on our currently available information,
including legal defenses available to us, and given the aforementioned accruals and our insurance coverage, we do not
believe that the outcome of these legal and environmental matters will have a material effect on our consolidated
financial position or results of operations.
The Company was named as a defendant in a civil complaint that was filed in the U.S. District Court for the
Middle District of Florida on February 8, 2016 by plaintiff Jonathan Torres. The complaint asserts claims of breach
of implied contract, negligence and violations of the Florida Unfair and Deceptive Trade Practices Act arising from
the Company’s alleged failure to safeguard customer credit card information and the alleged failure to provide notice
that credit card information had been compromised. The complaint seeks certification of a putative nationwide class
of consumers impacted by the alleged failures. The plaintiff seeks monetary damages, injunctive and equitable relief,
attorneys’ fees, and costs. The Company believes it has meritorious defenses to the action and intends to vigorously
oppose the claims asserted in the complaint.
Item 4. Mine Safety Disclosures.
Not applicable.
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