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Stewart-Haas Racing, Nature’s Bakery close to settlement

NASCAR Sprint Cup Series New Hampshire 301 - Qualifying

LOUDON, NH - JULY 15: Danica Patrick, driver of the #10 Nature’s Bakery Chevrolet, stands on the grid during qualifying for the NASCAR Sprint Cup Series New Hampshire 301 at New Hampshire Motor Speedway on July 16, 2016 in Loudon, New Hampshire. (Photo by Jerry Markland/Getty Images)

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Stewart-Haas Racing stated in a court filing Tuesday that it is close to reaching a settlement with Nature’s Bakery, the company that formerly sponsored Danica Patrick’s team.

Stewart-Haas Racing filed a $31 million breach of contract lawsuit against Nature’s Bakery on Feb. 3. Nature’s Bakery had two years remaining on a three-year contract to sponsor Patrick’s team when the company sent the team a notice of termination on Jan. 19 . Nature’s Bakery was to pay $15,212,000 each season to sponsor the team.

Nature’s Bakery filed a counterclaim Feb. 25 stating it did not see the return it was led to believe.

A mediator heard both sides in April.

Stewart-Haas Racing made a request Tuesday in North Carolina Superior Court to postpone a case management conference scheduled for Wednesday. Stewart-Haas Racing was ordered to file a status report no later than June 2.

Click here to read the court document

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