A federal judge in Camden has dismissed a food company’s suit claiming a competitor offered to buy a portion of its business as a ruse to obtain its burrito recipes and other trade secrets.
U.S. District Chief Judge Jerome Simandle of the District of New Jersey dismissed the suit by J&J Snack Foods of Pennsauken against Ruiz Food Products of Dinuba, California, finding that the letter of intent between the parties was not binding and that no implied covenant of good faith and fair dealing existed in the case under Delaware law, which the parties previously agreed would apply to the deal.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
