Ciatti's, Inc. and Bruegger's agree to settlement of lawsuit.MINNEAPOLIS--(BUSINESS WIRE)--May 22, 1997--Ciatti's, Inc. and its subsidiary, Big D Bagels, Inc., and Quality Dining, Inc. and its subsidiary Bruegger's Bruegger's Enterprises Inc. only known as Bruegger's, is a franchiser and operator of bakery-cafés. Their retail outlets serve bagels, coffee, and a variety of other related items. The chain is the second largest of its kind in the nation. Franchise Corporation announced today that they have entered into a Settlement Agreement resolving the pending litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. between the companies. In connection with the execution of the Settlement Agreement, the parties have agreed to dismiss the lawsuit lawsuit: see procedure; tort. and all respective counterclaims. The companies have also agreed on certain matters relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc Ciatti's offerings of securities to the public in the future. Ciatti's owns and operates ten full-service restaurants in Minnesota and Wisconsin Wisconsin, state, United States Wisconsin (wĭskŏn`sən, –sĭn), upper midwestern state of the United States. It is bounded by Lake Superior and the Upper Peninsula of Michigan, from which it is divided by the Menominee . Big D Bagels currently operates six Bruegger's Bagel Bakery restaurants in the Dallas-Fort Worth area under franchise agreements with Bruegger's. Big D Bagels, Inc. has signed leases for an additional six Bruegger's Bagel Bakery restaurants that it expects to open by December 31, 1997. CONTACT: Phillip R. Danford, President 612/941-0108 ext. 200 |
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