In a surprising twist of this court battle, this female racing star's team has decided to end their pursuit of a massive $31 million lawsuit against her former sponsor and has chosen to settle the case instead.
The breakdown of the relationship between Danica Patrick's team, Stewart-Haas Racing, and her former sponsor, Nature's Bakery, happened just days before the 2017 season was about to begin. USA Today reported then that the team filed a $31 million lawsuit against them for breach of contract, and failure to pay according to the agreement.
Not too long after and the former sponsor fired back saying that they were "thrown off" by the lawsuit and declared it a "false legal complaint". Nature's Bakery filed a countersuit against Stewart-Haas Racing, stating that they didn't get the return on investment they had been led to believe would occur. They also wished Patrick well during her season and said they will always be fans of NASCAR no matter the outcome.
Now, in a new court filing, Stewart-Haas Racing has executed settlement documents with Nature's Bakery for the pending legal case. Attorneys for the team reported the tentative settlement to North Carolina Superior Court on Wednesday (May 24th).
While the two appear to have reached a settlement and, in all likelihood, Stewart-Haas Racing will be dropping their lawsuit, the court pushed back a status report date to ensure the parties had time to fully execute the agreement or proceed with the case if the settlement falls through.
Read the new court document here, courtesy of NBC Sports.
Watch the video below of Danica Patrick addressing her sponsor's lawsuit.
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