Panera Agrees To Drop Noncompete Suit Against Papa John's

Law360, New York (December 22, 2016, 7:42 PM EST) -- Restaurant chain Panera told a Missouri federal court Thursday that it has agreed to drop a lawsuit accusing Papa John’s and a former executive of violating a noncompete agreement and misappropriating trade secrets when the executive went to work for the pizza chain.

The sides entered a joint stipulation of dismissal with prejudice, releasing Papa John’s and former Panera Vice President Michael Nettles from all claims against them. The parties will bear their own costs and attorneys’ fees, the stipulation said.

Further details of the agreement were not available.

Panera filed suit in July, accusing Nettles of violating his noncompete agreement...

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