ADVFN - Advanced Financial Network.
HOME» NYSE » D » DD Stock Price » DD Stock News

Du Pont E I De Nem Share News

 Du Pont (e.i.) De Nemours & Stock Price
DD Stock Price
 Du Pont (e.i.) De Nemours & Stock Chart
DD Stock Chart
 Du Pont (e.i.) De Nemours & Stock News
DD Stock News
 Du Pont (e.i.) De Nemours & Company Information
DD Company Information
 Du Pont (e.i.) De Nemours & Stock Trades
DD Stock Trades

Jury Awards $1 Billion to Monsanto in Suit Against DuPont

A federal jury Wednesday awarded $1 billion to Monsanto Co. (MON) in a patent-infringement lawsuit against rival DuPont Co. (DD) over Monsanto's Roundup Ready seed technology. The jury reached the verdict at a St. Louis federal courthouse on the same day that it started deliberations. The trial began July 9. The jury found DuPont willfully infringed Monsanto's patent for Roundup Ready seeds and awarded $1 billion in damages to Monsanto, according to a statement from Monsanto on Wednesday evening. Roundup Ready seeds grow into plants able to survive exposure to glyphosate, the active ingredient in the Roundup weedkiller made by Monsanto. St. Louis-based Monsanto filed suit in 2009 over DuPont's Optimum GAT soybean seed, which included a DuPont transgenic trait that enabled the crop to withstand applications of glyphosate. DuPont and its seed subsidiary, Pioneer Hi-Bred, initially marketed the seed as an alternative to Monsanto's Roundup Ready, but ultimately paired the Monsanto trait with its own trait in the Optimum GAT product. Monsanto, the world's largest seed company, claimed that by stacking the gene onto its own product, DuPont violated the terms of a 2002 licensing agreement. DuPont countersued, alleging anticompetitive practices. DuPont has since shelved the Optimum GAT product. During the trial, DuPont, based in Wilmington, Del., argued that Monsanto misled U.S. government officials to obtain the patent. "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 Executive Vice President and General Counsel, in a prepared statement. Monsanto's Roundup Ready technology is used broadly by farmers, as the company has licensed it to other companies. The glyphosate-resistant trait is used in alfalfa, corn, cotton, canola and sugar beets. Write to David Kesmodel at Subscribe to WSJ:

Stock News for Du Pont E I De Nem (DD)
08/25/201513:38:00DuPont Announces Senior Leadership Changes
08/20/201509:10:00Chemours to Cut Titanium Dioxide Capacity, Close Delaware Plant
08/20/201508:59:00Chemours to Cut Titanium Dioxide Capacity, Close Delaware Plant
08/19/201510:00:00DuPont Names Jeanmarie F. Desmond as Vice President and Controller
08/06/201509:10:27Activist Ackman Takes $5.5 Billion Stake in Snacks Giant Mondelez
08/06/201507:30:04Chemours to Cut $350 Million in Costs
07/31/201515:43:02Statement of Changes in Beneficial Ownership (4)
07/29/201517:20:48Charges Dismissed Against Chinese Woman in Seed-Theft Case
07/29/201517:03:42Charges Dismissed Against Chinese Woman in Seed-Theft Case
07/28/201513:19:50Quarterly Report (10-q)
07/28/201512:42:09DuPont Trims Outlook on Agricultural Weakness -- 4th Update
07/28/201509:16:44DuPont Trims Outlook on Agricultural Weakness -- 3rd Update
07/28/201508:28:12DuPont Trims Outlook on Agricultural Weakness -- 2nd Update
07/28/201508:21:34Current Report Filing (8-k)
07/28/201507:40:31DuPont Trims Outlook on Agricultural Weakness
07/28/201507:10:10DuPont Trims Outlook on Agricultural Weakness -- Update
07/28/201506:58:06DuPont Trims Outlook on Agricultural Weakness
07/28/201506:00:00DuPont Reports 2Q Operating EPS of $1.18
07/27/201509:20:00Technical Data on Agricultural Chemicals Stocks -- E. I. du Pont...
07/23/201506:00:00DuPont Announces Senior Leadership Changes

Du Pont E I De Nem and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations