Ten more Brazilian states' soy growers join Bayer patent dispute

  • 📰 Reuters
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

Law Law Headlines News

Law Law Latest News,Law Law Headlines

Soy producer associations in 10 Brazilian states have filed a legal petition to ...

FILE PHOTO: Logo of Bayer AG is pictured at the annual results news conference of the German drugmaker in Leverkusen, Germany February 27, 2019. REUTERS/Wolfgang Rattay/File Photo

Mato Grosso growers have sued agribusiness giant Bayer following its acquisition last year of U.S.-based Monsanto Co. In their lawsuit, the farmers claim irregularities related to the granting of Monsanto’s Intacta RR2 Pro genetically modified seed technology patent, including the company’s alleged failure to prove it involves true technological innovation.

Bayer said that it would defend itself, both in relation to the Mato Grosso growers and the 10 other states. Last year, a judge ordered royalties related to the technology to be deposited in an escrow account pending the end of the patent litigation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

If Nazi Germany was socialist why is there so many companies like Bayer who survived with so much private capital in their possession? You idiots still catching on?

Shay3Zai

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in LAW

Law Law Latest News, Law Law Headlines