CALNY <CLNY> DIRECTOR RESIGNS OVER LAWSUIT
Calny Inc director and former
president and chief executive officer said he is resigning from
Calny's board because of the company's recently announced
lawsuit against Pepsico Inc <PEP> and its La Petite
Boulangerie.
    In a statement, Larvive said the suit is a "lose-lose"
situation for Calny, which is the only franchisee for La Petite
Boulangerie and is the largest francisee of PepsiCo's Taco Bell
Corp.
 Reuter
