Following a filed 8-K with the Securities and Exchange Commission, DoorDash and Olo have reached a settlement agreement after DoorDash sued Olo last month.
DoorDash Sues Olo For Overcharging, Claiming $7M In Damages
DoorDash files a lawsuit against online ordering company Olo for $7 million in damages for supposedly charging DoorDash higher fees than assessing other providers, in violation of an arrangement between the two. Olo’s spat with its most notable client has surfaced only weeks after the company debuted on the New York Stock Exchange with a spectacular initial public offering. Olo provides chain restaurants with online ordering, distribution integration, and other technology services.
