Stewart-Haas Racing, Nature’s Bakery close to settlement

Photo by Jerry Markland/Getty Images
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Stewart-Haas Racing stated in a court filing Tuesday that it is close to reaching a settlement with Nature’s Bakery, the company that formerly sponsored Danica Patrick‘s team.

Stewart-Haas Racing filed a $31 million breach of contract lawsuit against Nature’s Bakery on Feb. 3. Nature’s Bakery had two years remaining on a three-year contract to sponsor Patrick’s team when the company sent the team a notice of termination on Jan. 19 . Nature’s Bakery was to pay $15,212,000 each season to sponsor the team.

Nature’s Bakery filed a counterclaim Feb. 25 stating it did not see the return it was led to believe.

A mediator heard both sides in April.

Stewart-Haas Racing made a request Tuesday in North Carolina Superior Court to postpone a case management conference scheduled for Wednesday. Stewart-Haas Racing was ordered to file a status report no later than June 2.

Click here to read the court document

 

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