Chobani CEO’s Ex Says He Stole Recipe in Ownership Spat

April 4, 2014 – In The News
Law360

Scott L. Vernick and John A. Wait were featured in the Law360 article, "Chobani CEO’s Ex Says He Stole Recipe in Ownership Spat." Full text can be found in the April 4, 2014, issue, but a synopsis is noted below.

The ex-wife of Chobani Inc. CEO Hamdi Ulukaya has been locked in a legal battle with the company since 2012 over a note that allegedly gave her a 53 percent stake in return for $500,000 in seed money for her now ex-husband’s dairy business Euphrates Inc., from which Chobani was eventually spun off.

Ayse Giray is now seeking an injunction preventing her ex-husband and Chobani from any transaction that impairs her 53 percent stake in the company. She is also alleging Ulukaya obtained the company’s Greek yogurt recipe by bribing a former employee of a rival dairy company.

Euphrates is represented by Scott L. Vernick and John A. Wait of Fox Rothschild.