UPDATE: Standard Register Co. Drops Lawsuit Against Two Former Employees

Standard Register Co. has settled a lawsuit with Craig Stockmal and Lynn Smith, two former employees who launched a similar company called Focus Impressions Inc., located in the Boston area. The case was set to go to trial on Aug. 20.

According to court papers filed last Thursday, Stockmal and Smith agreed not to contact Liberty Mutual Group through the end of September as part of the deal. The insurer is the "key customer" at the center of the dispute, reported Dayton Business Journal. Coincidentally, Deb Taylor, current CEO of Minnesota-based Taylor Corp., Standard Register Co.'s new owner, held finance and accounting positions at Liberty Mutual until 2011, the newspaper added. Stockmal and Smith also agreed to return or destroy all confidential information that belonged to Standard Register.