Pepsi Settles Secret Recipe Suit With Inventor's Heirs

Law360, New York (March 18, 2013, 6:34 PM EDT) -- The lawsuit over who controls a secret recipe once used to brew Pepsi cola has fizzled, thanks to a settlement between PepsiCo Inc. and the drink formula inventor's heirs, a New York federal judge said Monday.

U.S. District Judge Jesse Furman dismissed a lawsuit brought by children of Richard Ritchie, who created the formula for Pepsi in 1931, saying the two sides had reached an agreement. 

"The court having been advised ... that all claims asserted herein have been settled, it is ordered that the above-entitled action be and is hereby dismissed and discontinued," the judge said.

Ritchie's children claimed they...

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