Tory Burch and Chris Burch Reach Settlement Agreement

After months of quiet in the press, Chris sued Tory and her management team, claiming that they interfered with his relationships with suppliers and with the process of selling his shares in the company. He asked the Delaware Chancery Court for unspecified damages and a guarantee that Tory wouldn't be able to stop him from pursuing new businesses. He also asked that Tory be removed from the board of her own company and for the "appointment of new and additional directors to the board to protect the interests of plaintiffs."