This case study discusses the potential class actions against Retail Food Group Limited (RFG) for breaching the regulatory guide 76 and director duties. It sheds light on the issues, regulatory authority, and possible remedies. The report focuses on the investigation launched against RFG for misleading its investors regarding the business model and the manner in which it would affect the store owners. The report also discusses the breach of director duties and regulatory guide 76. The possible remedies for the class action are also discussed.