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Stewart-Haas Racing, Nature’s Bakery reach tentative settlement

NASCAR Sprint Cup Series Crown Royal presents the Combat Wounded Coalition 400 at the Brickyard - Practice

INDIANAPOLIS, IN - JULY 22: Danica Patrick, driver of the #10 Nature’s Bakery Chevrolet, practices for the NASCAR Sprint Cup Series Crown Royal presents the Combat Wounded Coalition 400 at the Brickyard at Indianapolis Motor Speedway on July 23, 2016 in Indianapolis, Indiana. (Photo by Brian Lawdermilk/Getty Images)

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Counsel for Stewart-Haas Racing reported to North Carolina Superior Court on Wednesday that it has executed settlement documents with Nature’s Bakery.

A status report was pushed back 21 days to June 23 in the event the that the parties have not filed a stipulation of dismissal by that date.

No details of the settlement documents were detailed to the court.
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 Danica Patrick’s team when the company sent the team a notice of termination on Jan. 19 . Nature’s Bakery was to have paid $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 in sponsoring Patrick’s team.

Click here to read court document