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By Jordan Valinsky, CNN

New York (CNN) — Lululemon has settled its high-profile feud with founder Chip Wilson, and the deal includes a clause preventing him from badmouthing the company for a year and a half.

On Wednesday the struggling athleisure brand announced it had reached a “cooperation agreement” with Wilson, the company’s second largest shareholder. The agreement will add two of Wilson’s previously announced nominees to its board next month, and an additional “director with product and brand expertise in apparel” will join by October.

The agreement also includes a non-disparagement clause, in which Wilson must stop publicly bashing Lululemon for 18 months.

Wilson has been outspoken about his largely negative views regarding the company he founded in 1998. He said the brand has lost its “cool” factor, and he has criticized its diversity and inclusion efforts.

The announcement ends a five-month proxy fight that Wilson launched because, he said, Lululemon’s board had lacked the “visionary creative leadership to thrive.” In his view, new leaders were “needed to redefine Lululemon and begin this company’s next chapter of success.”

Wilson’s board picks, who include an ex-ESPN marketing executive and the former leader of rival athletic wear brand On, “reflect meaningful progress toward restoring the company’s product-first vision and unlocking tremendous value for shareholders,” he said.

Wednesday’s agreement clears a major obstacle for incoming CEO Heidi O’Neill, who begins at Lululemon (LULU) in September.

O’Neill is a former Nike executive, and she faces the Herculean task of turning around the Lululemon. Shares have dived more than 30% since the beginning of the year as the company struggles with tariffs, consumer pullback from discretionary spending and mounting competition.

Lululemon’s executive chair Marti Morfitt said in a statement the company is “pleased to reach this agreement” with Wilson, which “allows Lululemon to focus on continuing to strengthen its performance.”

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By Katelyn Polantz, CNN

(CNN) — Former President Joe Biden is suing to block the House Judiciary Committee from obtaining, and potentially releasing, audio recordings and transcripts of conversations in 2016 and 2017 with the ghostwriter of his memoir.

The court case is part of a simmering debate between the Trump administration and Biden regarding how much privacy the former president is due.

The Justice Department has said it plans to release the tapes regarding Biden’s book, “Promise Me, Dad: A Year of Hope, Hardship, and Purpose,” to Congress on June 15.

But Biden argues that during his presidential administration, the Justice Department argued extensively for privacy around the recordings with Mark Zwonitzer, because they were personal and often touched upon the death of Biden’s son, Beau, and its impact on him deciding not to run for president in 2016.

Heavily redacted transcripts of the conversations have already been made public.

“Every American, including a sitting or former Vice President, has a right to privacy in the personal conversations he has within his own home,” Biden’s lawyers wrote in a federal court filing in Washington on Tuesday night. “And when the U.S. Department of Justice obtains that private information through a criminal investigation, the Department bears a particular responsibility to protect it from disclosure.”

The tapes are in the Justice Department’s possession because they were part of the criminal investigation in 2023 and 2024 into whether Biden mishandled classified documents after his terms as vice president, and discussed sensitive national security details with Zwonitzer. Special counsel Robert Hur did not bring any charges against Biden.

In a separate lawsuit, Biden is also opposing in court the Justice Department’s plan to release the same taped conversations with Zwonitzer to the conservative Heritage Foundation. A judge last week said Biden should be allowed to argue against Heritage getting the tapes, which the Justice Department has also agreed to in recent weeks.

The Heritage Foundation said it wants the tapes partly because they reportedly show how Biden was aging, having memory lapses, even before he became president.

GOP Rep. Jim Jordan, the chair of the House Judiciary Committee, recently gave his own reasoning on wanting the tapes.

“I think it’s just important for the American people to know exactly where the President of the United States was… . (W)e’d like to see all that information, I think, to underscore what the Democrats were trying to hide just a few years ago,” Jordan said in May, Biden’s team pointed out in its court filing.

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