-- A royalty dispute between Monsanto and India's Nuziveedu Seeds Ltd. has been decided in favor of Monsanto, Reuters reports Monday, citing "lawyers familiar with the matter."

-- Terms of the ruling in the dispute between Monsanto, a unit of Bayer AG, and Nuziveedu weren't revealed, the report said.

-- The dispute came after Nuziveedu Seeds and its affiliates stopped paying royalties to a Monsanto joint venture in India in 2015, arguing that payments should go to the Indian government, the report said.

 

Full story: https://www.reuters.com/article/us-india-monsanto-exclusive/exclusive-bayers-monsanto-wins-arbitration-ruling-over-royalties-from-indian-seed-company-idUSKCN1Q01ZF?il=0

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

February 11, 2019 14:34 ET (19:34 GMT)

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