05:35 PM EDT, 06/27/2024 (MT Newswires) -- Lifeway Foods ( LWAY ) dismissed its claims against Pure Culture Organics after a series of court rulings following allegations of trade-secret theft, Pure Culture Organics said Thursday.

Lifeway filed a complaint in April that Edward Smolyansky and Ludmila Smolyansky, doing business as Pure Culture Organics, allegedly stole the trade secrets to manufacture a competing product.

In a statement, Edward Smolyansky, a former officer of Lifeway, said, "We are extremely pleased Lifeway abandoned its lawsuit," and Pure Culture Organics plans to focus on "building on the momentum of its new product developments."

Lifeway didn't immediately respond to a request for comment from MT Newswires.