business news in context, analysis with attitude

The Minneapolis Star-Tribune reports that a dueling lawsuits filed by Rainbow Foods and Cub Foods have been settled, with terms undisclosed but Cub reportedly receiving some sort of payment from Rainbow.

This is the same case that resulted in an executive from Fleming, which owns Rainbow, challenging Cub president John Hooley to a charity wrestling match to determine which company was in the right. Holley and Cub refused the offer.

Cub had charged that Rainbow was using illegally obtained advertising information to undercut Cub on price. Rainbow counter sued, saying that Cub had hired away Rainbow execs in order to obtain proprietary information about the company.
KC's View:
It’s almost too bad. We would have enjoyed that wrestling match, and would have volunteered to emcee…

“Let’s get ready to ruuuuuuuumble…….”