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

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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