From New York magazine:
Phat Fashions sued Victoria’s Secret in March because the logo for its Pink line closely resembled the Phat Fashions logo, but the case was recently settled. On Wednesday a judge dismissed the suit after both parties reached a mutual agreement. Terms of the deal were not disclosed, but Phat Fashions was seeking $1 million in damages and the destruction of offending Pink merchandise.
Via Jezebel, which noted about the settlement: “Unfortunately at this point the terms are (Victoria’s) secret. Sorry, we had to.”