2014

Statement from DuPont: DuPont will Appeal Verdict in Monsanto vs. DuPont Patent Case - Fundamental Errors Deprived Jury of Important Information -

- Damages Award Unjustified -

WILMINGTON, Del., Aug. 1, 2012 /PRNewswire/ -- DuPont strongly disagrees with the verdict that was reached in favor of Monsanto in Monsanto's patent case against DuPont in the United States District Court in St. Louis, Missouri.  There were several fundamental errors in the case which deprived the jury of important facts and arguments and led to the disappointing outcome.  DuPont will appeal at the earliest possible opportunity and expects to overturn this verdict.

"DuPont believes that the evidence presented during the trial demonstrated clearly that Monsanto's Roundup Ready® soybean patent (RE 39,247) is invalid and unenforceable and that Monsanto intentionally deceived the United States Patent and Trademark Office on several occasions as it sought patent protection.  Further, DuPont believes that the damages awarded of $1 billion are unjustified, particularly considering that Pioneer has never sold a single Optimum® GAT® seed and has no plans to do so in the future.  DuPont's license to sell Roundup Ready® soybeans remains in place and is not impacted by this verdict," said DuPont Senior Vice President and General Counsel Thomas L. Sager

Several aspects of Monsanto's misconduct involving this patent, which were not tried in this case, will be presented to a different jury as part of DuPont's antitrust and patent misuse case against Monsanto in September 2013.

"DuPont is and always has been committed to innovation and providing farmers with diverse technology options.  We continue to stand by our position that we did not infringe the Roundup Ready® soybean patent and that the Monsanto patent is invalid.  DuPont will continue to fight hard to ensure American farmers have choices and that no one company decides what is best for them," concluded Sager.

DuPont has been working to deliver innovation to the agricultural marketplace for decades, to provide farmers with diverse technology options that can best satisfy their specific needs to help feed a growing world population by ensuring global food security.

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 http://www.dupont.com.

Optimum® GAT® is a registered trademarks of DuPont or its affiliates.

Roundup Ready® is a registered trademark used under license from Monsanto Company.

SOURCE DuPont



RELATED LINKS
http://www.dupont.com

More by this Source


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.