BENTON COUNTY, ARKANSAS, Ark. — The once-escalating court battle between 7 Brew Coffee Co. of Fayetteville and Jimmy John Liautaud, the billionaire founder of the Jimmy John’s restaurants, over ownership of the fast-growing coffee shop chain has been settled.
The parties to the original lawsuit and to a counterclaim filed a joint motion March 20 in Benton County Circuit Court to dismiss the entire case with prejudice, meaning it can’t be refiled. Circuit Judge Christine Horwart dismissed the case one day later.
The settlement came five weeks after investment management firm Blackstone Inc. of New York announced it had bought a stake in 7 Brew from Liautaud for an undisclosed amount.
To read more on the settlement, our content partner Arkansas Business has the full article here.
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