Monsanto Wins Major Supreme Court Patent Case

A farmer was sued for improperly planting soybean seeds

   

Monsanto Wins Major Supreme Court Patent Case

supreme court 630 300x200 Monsanto Wins Major Supreme Court Patent CaseThe U.S. Supreme Court has ruled against an Indiana farmer who planted genetically modified soybean seeds in violation of his agreement with the seed’s manufacturer.

Hugh Bowman purchased Monsanto‘s (NYSE:MON) Roundup Ready soybeans for his 300 acre farm, agreeing not to collect seeds from the plants for future planting. He then purchased soybean seeds usually used for feed from local grain providers for subsequent plantings, assuming correctly that they would also be Roundup Ready, the Washington Post notes.

crops field 630 flickr 200x200 Monsanto Wins Major Supreme Court Patent Case
Great Plains Cold Snaps Hits Wheat Crop

Monsanto sued Bowman, alleging that he violated their patent when he used Roundup Ready soybean seeds grown as feed to plant his fields. Bowman countered that the company’s right to tell him how to use the seed ended when be purchased it.

The U.S. Court of Appeals for the Federal Circuit ruled in Monsanto’s favor and order the farmer to pay $85,000 in damages. Bowman appealed. The U.S. Supreme Court agreed unanimously with the Appeals Court, holding that Bowman’s use of the seeds would have effectively destroyed Monsanto’s patent.

Last month, two researchers reported that potentially hazardous ingredients in Monsanto’s Roundup pesticide could remain on foods, possibly contributing to a range of diseases.

Shares of Monsanto slipped fractionally in Monday midday trading.


Article printed from InvestorPlace Media, http://investorplace.com/2013/05/monsanto-wins-major-supreme-court-patent-case/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.