
Starbucks announced Friday that the coffee company has resolved its lawsuit against former executive Paul Twohig for breach of his non-compete agreement.
According to the Seattle-based company, Twohig violated an 18-month, non-compete agreement when he accepted a position with Dunkin' Donuts. Starbucks has considered Dunkin' a direct competitor every since the donut chain launched an agressive marketing campaign targeted at the specialty coffee company.
In an online statement, Starbucks revealed some of the specifics of the settlement,
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."
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