Tourondel, BLT Owner ESquared Enter Licensing Pact

(Corrects timing of settlement in second paragraph)

Nov. 7 (Bloomberg) -- ESquared Hospitality said it has entered a licensing agreement with Laurent Tourondel.

Under the pact, ESquared can use BLT Trademarks owned by Tourondel in future restaurant projects in exchange for royalties, ESquared said today in a statement. U.S. Magistrate Judge Michael Dolinger, in a Nov. 5 docket entry, said that the pair had settled a lawsuit.

To contact the reporter on this story: Will Daley in New York at wdaley2@bloomberg.net

To contact the editor responsible for this story: Will Daley at wdaley2@bloomberg.net