- Panera Bread (PNRA +1.9%) files suit against a former exec who now works for Papa John's International.
- The company alleges the IT employee took knowledge of Panera's strategic technology plan to the pizza chain in violation of a non-compete agreement.
- The protection by Panera of its tech IP isn't surprising considering the company's significant investment in Panera 2.0 which it considers a differentiating concept.