by Ethan A. Huff, Natural News:
Apparently discontent with its more than $13.5 billion-plus in annual sales, genetic modification kingpin Monsanto has been trying for the past four-or-so years to extract billions more dollars from rival DuPont for alleged patent infringements involving its genetically-modified (GM) Roundup-Ready soybean technology. And the agri-giant has apparently achieved this goal, having recently settled its longstanding feud with DuPont in exchange for a massive $1.75 billion royalty payout to be delivered over the course of the next 10 years, according to reports.
As we covered last year, Monsanto has been waging war against DuPont since at least 2002, when the corporate monolith decided that DuPont had violated its licensing agreements by borrowing a Roundup-Ready trait for use in its rival soybean product, known as Optimum GAT. Following the initiation of a lawsuit by Monsanto against DuPont for this alleged infringement, DuPont counter-sued, alleging that Monsanto had illegally obtained its patent on the Roundup-Ready trait in question, rendering it unenforceable.
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