DuPont and Monsanto Reach Settlement of Litigation Involving Technology Disputes

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Dec 23, 2014, 02:00 ET

WILMINGTON, Del. and ST. LOUIS, Dec. 23, 2014 /PRNewswire/ -- DuPont (NYSE: DD) and Monsanto Company (NYSE: MON) announced today that they have agreed to settle and dismiss their respective patent infringement lawsuits pending in U.S. District Court in St. Louis. 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.

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.

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. Upon the dismissal of the current litigation, DuPont and Monsanto have no other litigation against each other.

Monsanto (NYSE: MON) is committed to bringing a broad range of solutions to help nourish our growing world. We produce seeds for fruits, vegetables and key crops – such as corn, soybeans and cotton – that help farmers have better harvests while using water and other important resources more efficiently. We work to find sustainable solutions for soil health, help farmers use data to improve farming practices and conserve natural resources, and provide crop protection products to minimize damage from pests and disease. Through programs and partnerships, we collaborate with farmers, researchers, nonprofit organizations, universities and others to help tackle some of the world's biggest challenges. To learn more about Monsanto, our commitments and our more than 20,000 dedicated employees, please visit: discover.monsanto.com and monsanto.com. Follow our business on Twitter® at twitter.com/MonsantoCo, on the company blog, Beyond the Rows® at monsantoblog.com or subscribe to our News Release RSS Feed.

DuPont (NYSE: DD) has been bringing world-class science and engineering to the global marketplace in the form of innovative products, materials, and services since 1802. The company believes that by collaborating with customers, governments, NGOs, and thought leaders, we can help find solutions to such global challenges as providing enough healthy food for people everywhere, decreasing dependence on fossil fuels, and protecting life and the environment. For additional information about DuPont and its commitment to inclusive innovation, please visit www.dupont.com.

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SOURCE DuPont