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A jury awarded Monsanto Co. $1 billion in a patent-infringement trial against DuPont over seeds for growing herbicide-tolerant soybeans, Bloomberg reports. The verdict was the fourth-largest jury award in a patent trial in U.S. history. The trial revolved around the firm’s patent for making Roundup Ready Crops, a technology that helps bring in $13.7 billion in annual revenue. “This verdict highlights that all companies that make early and substantial investments in developing cutting-edge technology will have their intellectual property rights upheld and fairly valued,” said David Snively, Monsanto’s general counsel.
Jury awards Monsanto $1B from DuPont for patent infringement
DuPont must pay Monsanto $1 billion in a patent-infringement trial, the fourth-largest patent violation reward in U.S. history.
August 3, 2012