Terms of the settlement were not disclosed, but US District Judge Sim Lake signed an order to dismiss the suit late last week.
Coca-Cola had alleged that PepsiCo was trying to piggyback on the success of its billion-dollar Simply brand by confusing consumers with similar packaging, while diluting the quality of the Coke juice brand.
Coca-Cola introduced its Simply juice line in 2001 with Simply Orange, and Simply Grapefruit and Simply Apple juices followed. The design is a carafe-style bottle with an oversized green cap.
PepsiCo started selling Trop50 stevia-sweetened orange juice in 2009, and introduced a redesign in August, which features a carafe-style bottle with a large green cap.