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John Schnatter. Photo: Kathy Hutchins/Shutterstock.com

Papa John’s founder John Schnatter has agreed to resign from the company’s board as part of the settlement of a Delaware Chancery Court lawsuit, which targeted investor restrictions tied to a poison pill that the company adopted in the wake of his ouster as the pizza chain’s chief executive.

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Tom McParland

Tom McParland of Delaware Law Weekly can be contacted at 215-557-2485 or at tmcparland@alm.com. Follow him on Twitter @TMcParlandTLI.

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