E. I. du Pont de Nemours and Company (DD) has declared that it will resolve some pending patent infringement lawsuits against Monsanto Company (MON) in the U.S. District Court in St. Louis. Similar lawsuits were also filed by Monsanto against DuPont. All of these will be dismissed by both the companies as per terms of the settlement.
DuPont had claimed that Monsanto breached its patent seed processing technology while a Monsanto had alleged that DuPont had infringed certain Monsanto seed chipping patents. The authorities at Monsanto are of the view that the dismissal of all lawsuits by both the companies will help them to focus better on developing new solutions for farmers.
DuPont and Monsanto had signed a series of technology licensing agreements back in Mar 2013. The current litigations as well as other pending lawsuits in the U.S. District Court in St. Louis have been dismissed by both the parties. As of date, they have no other litigation against each other.
Monsanto provides agricultural products for farmers. It strives to help them with a wide range of agricultural solutions like seeds of fruits, vegetables etc. for better harvests while using water and other important resources more efficiently. The company provides sustainable solutions for improving soil health, farming techniques and conservation of natural resources. It also offers products to protect crops from damage caused by pests.
DuPont, on the other hand, is one of the largest U.S. chemical companies and a leading global producer of polymers, automotive paints, agrochemicals, pharmaceuticals, and specialty chemicals. DuPont remains committed to execute its actions to support its more focused portfolio of businesses.
DuPont currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the chemical space worth considering include Valhi, Inc. (VHI), and Celanese Corp. (CE). While Valhi sports a Zacks Rank #1 (Strong Buy), Celanese carries a Zacks Rank #2 (Buy).
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