PepsiCo, FCB Agree to Settle

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CHICAGO?Foote, Cone & Belding?s settlement with PepsiCo prevents its most experienced beverage executives from working on competitive Coca-Cola brands until June 1.

While the settlement leaves all but 16 FCB employees free to work on Coke brands, it remained unclear when the brands in question will be returned to the Chicago shop. Because of uncertainty caused by Pepsi?s two lawsuits against FCB, Coke extended contracts with Wieden + Kennedy (Powerade) and Berlin Cameron & Partners (Dasani) through September, sources said.
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