Starbucks Reaches Agreement with Paul Twohig
The Starbucks Coffee Company announced that it is pleased that the company and Mr. Twohig have resolved the lawsuit it filed against him.
-- Chain Leader, 10/26/2009 8:33:00 AM
PRESS RELEASE: SEATTLE--(BUSINESS WIRE)--The Starbucks Coffee Company (NASDAQ:SBUX) announced that it is pleased that the company and Mr. Twohig have resolved the lawsuit it filed against him. As part of the settlement Mr. Twohig will complete initial training but will otherwise not work at Dunkin' until January 15, 2010. In addition Starbucks will be paid $500,000. Mr. Twohig also reconfirmed his commitments not to share Starbucks trade secrets and other confidential information with Dunkin' at any time. We are pleased that the settlement allows both parties to move forward without protracted litigation.
About Starbucks
Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest quality arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com.
