DuPont GC Faulted In Suit Over $1B Monsanto Patent Verdict

Law360, New York (March 19, 2013, 2:09 PM EDT) -- DuPont Co.'s general counsel directly oversaw the crafting of a 2002 licensing agreement for herbicide-resistant seeds that led to a patent infringement lawsuit by its rival Monsanto Co. and an eventual $1 billion jury verdict, an investor suing the company in a derivative suit told a Delaware federal court Monday.

Shareholder Robert Zomolosky said in an amended derivative complaint that DuPont's senior vice president and general counsel Thomas L. Sager monitored negotiations for the 2002 licensing agreement with Monsanto, an agreement on which the company had...
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