Monsanto, DuPont Reach $1.8B Deal To End Antitrust, IP Row

Law360, New York (March 26, 2013, 2:04 PM EDT) -- Monsanto Co. and DuPont Co. have agreed to drop patent infringement and antitrust claims against one another, reaching a deal in which DuPont will pay at least $1.75 billion in royalties for access to Monsanto's patented herbicide-resistant seed technology, the parties said Tuesday.

The agreement will close the companies' legal battle in Missouri federal court, which included antitrust and patent infringement claims, according to a joint statement. In the patent infringement portion of the dispute, Monsanto secured a $1 billion verdict in August, when a jury...
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