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The companies have dropped their lawsuits against each other and agreed to work together delivering new technology to farmers
Reuters / Monsanto Co. and DuPont have settled a bitter legal battle over rights to technology for genetically modified seeds and will drop antitrust and patent claims against each other while forging a new collaboration, the companies said March 26. The deal tosses out a $1-billion jury verdict DuPont was ordered to pay Monsanto last August. Instead,Growers want the courts to match a Brazilian ruling where a state court ordered Monsanto to stop charging
Reuters / A group of Paraguayan farmers asked the courts Feb. 5 to stop U.S. biotech company Monsanto from charging royalties for use of its genetically modified soybeans in the world’s No. 4 exporter. The farmers say royalty payments should be halted because the company charges growers about $40 million per year to use itsThe company is accused of continuing to charge royalties after the patent on its RR soybeans expired in 2010
Monsanto Co. and Brazil’s National Confederation of Agriculture (CNA) said they had reached an agreement with local farmers to end a dispute over royalty payments on seed technology. But key producing groups in top soybean-growing state Mato Grosso, that are fighting Monsanto in local courts, said they did not accept the agreement. Producers in 10
