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September 3, 2004
By: TOM BRANNA
Editor
Procter & Gamble Company, Cincinnati, has settled a lawsuit pending in federal court in Los Angelesthat was brought on by Vidal Sassoon. Terms of the settlement were not disclosed.Sassoon sued P&G last year for fraud and breach of fiduciary duty, alleging the company stoppedproducing products under his name so it could boost its Pantene brand and avoid paying Sassoonroyalties. The lawsuit claimed that following a change in management in 2000, P&G diverted its newhair care formulas...
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