DuPont and Monsanto Company 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 and its Pioneer business 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 follows the announcement from DuPont and Monsanto in March 2013 on technology licensing agreements, as well as dismissal of lawsuits between the companies that also were pending in U.S. District Court in St. Louis.
Click here for an earlier story that outlined some of the terms of the agreement that included royalty payments by DuPont and the ability of DuPont to use Monsanto technologies.
Monsanto earlier gained a $1 billion judgment against DuPont in its hometown of St. Louis.
Upon the dismissal of litigation, DuPont and Monsanto have no other litigation against each other, the companies stated in a release.
