DuPont and the Monsanto Company have agreed to settle copyright infringement lawsuits. The litigation related to claims by Monsanto that DuPont had infringed certain Monsanto seed chipping patents and claims by DuPont that Monsanto had infringed certain DuPont patents related to seed processing. Terms of the settlement are not being disclosed. Upon the dismissal of the current litigation, DuPont and Monsanto have no other litigation against each other.
The dismissal of this litigation follows the announcement from DuPont and Monsanto in March 2013 related to a series of technology licensing agreements, as well as dismissal of lawsuits between the companies that also were pending in U.S. District Court in St. Louis. According to Monsanto President and Chief Operating Officer Brett Begemann and DuPont Pioneer President Paul E. Schickler, this agreement enables the companies to concentrate their attention on developing new solutions for farmers.
Source: NAFB News Service