A Northbrook-based painting company and a multinational corporation have reached an out-of-court settlement in a dispute over the use of the “Pete the Painter” trademark.Pete the Painter Inc. and PPG Industries Inc. agreed this week to the entry of a permanent injunction to resolve a lawsuit Pete the Painter filed accusing PPG of trademark infringement and unfair competition.The injunction bars PPG from using the term “Pete the Painter” on its signs or its online and offline promotional materials …