NOVEMBER 20, 2015:
Prescott Lovern, Sr. (Lovern) discovered that GAME TIME GOLD at McDonald’s® IN-STORE GAME & SWEEPSTAKES, in his opinion, has a illegal arbitration clause that misleads participants. In Lovern’s opinion it is civil & criminal. The laws governing arbitration changed in 2012, post Concepcion.
McDonald’s management / officers, lawyers & directors (Mcd Mgt) have refused to correct the “Official Rules” to get into compliance. Lovern demanded that the McDonald’s audit committee, led by Enrique (Rick) Hernandez (Chair), follow Sarbanes Oxley (SOX), deal with Mcd Mgt and correct the game, but Mr. Hernandez went underground. Interestingly, Mr. Hernandez also sits on the audit committee of Wells Fargo (WF) who has the same alleged illegal language in the WF Bank customer agreements. WF’s Board is also covering this up. McDonald’s has another executive who sits on the Board of United States Gypsum who is also using similar, alleged illegal language in their arbitration provision, and they are covering up what they are doing.
One long tome McDonald’s franchisee recently had this to say about Mcd Mgt, “Never in my long McDonald’s life have I seen just about every aspect of this corporate circus so mismanaged.”
The NFL who is part of the McDonald’s Sweepstakes has also ignored the issue. It’s apparent Mcd Mgt and the NFL do not care whether consumers are treated fairly. After all the NFL charges the military to honor veterans at NFL games.
What’s next for McDonald’s? Perhaps slumping sales are just Karma.