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Papa John's, ousted founder settle dispute

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Papa John's International reached an agreement to settle a dispute with ousted founder John Schnatter.

Schnatter resigned as CEO in December 2017 and as chairman last year after he used a racial slur during a conference call. He owns 31 percent of the company.

He agreed to step down from the board in exchange for helping select his replacement.

He also agreed to drop a lawsuit alleging the company failed to disclose documents he asked for after resigning.

Read more from Fox Business.

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