Learning Express, Inc. v. Ray-Matt Enterprises, Inc.

MEMORANDUM AND ORDER

YOUNG, Chief Judge.

I. INTRODUCTION

This diversity action arises out of a 1996 franchise agreement (the “Agreement”) between Learning Express, Inc. (“Learning Express”) and Ray-Matt Enterprises, Inc. (“Ray-Matt”) to operate an educational toy store in New Jersey. Learning Express, the franchisor, alleges that Ray-Matt defaulted on the Agreement and seeks a corresponding declaratory judgment. In turn, Ray-Matt and its sole shareholders, Matthew and Judith Hanratty (the “Hanrattys”), filed an eight-count Counterclaim that essentially avers that Learning Express failed to live…