MillerCoors, Pabst settle lawsuit over brewing contract
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By IVAN MORENO, Associated Press
MILWAUKEE (AP) — MillerCoors and Pabst Brewing Co. have settled a lawsuit in which the hipster's brand of choice claimed the bigger brewer lied about its ability to continue brewing Pabst's beers to put that company out of business.
The settlement came Wednesday as jurors were in deliberations.
Chicago-based MillerCoors said in a statement the settlement was "amicable" and that all "outstanding issues with Pabst" were resolved. Settlement details were not disclosed.
MillerCoors has brewed and shipped most of Pabst's beers since 1999. Pabst, which was founded in Milwaukee but now based in Los Angeles, sued in 2016 after MillerCoors announced it wouldn't have the capacity to brew for Pabst when the contract expired in 2020.
Pabst claimed that the contract allowed for two five-year extensions if Pabst wanted and that MillerCoors was worried Pabst would cut into its market share. MillerCoors called the claim a conspiracy theory.