Dive Brief:
- Chobani founder Hamdi Ulukaya has settled a lawsuit filed by his ex-wife Ayse Giray, who was demanding part ownership of Chobani, the leading Greek yogurt company in the U.S. No details of the settlement were released.
- Giray argued that she should own as much as 53% of Chobani after alleging the company was formed "from the rib" of her and Ulukaya's feta cheese business Euphrates Inc.
- Giray sued Ulukaya three years ago, filed 13 years after the couple's divorce in 1999. Chobani was founded in 2005.
Dive Insight:
Ulukaya claimed Giray filed the suit "only after Chobani had become a runaway success," according to court documents. A spokesman for Chobani declined comment on the settlement, while Giray's attorney "didn't immediately respond to a voice-mail" requesting comment, reports Bloomberg.