23 April 1999
Court awards Rhône-Poulenc £65m
A US district court has awarded Rhone-Poulenc $65 million (£40m) in damages after finding that Monsantos Dekalb seed subsidiary did not have a necessary licensing agreement with the French company.
The licensing agreement would have covered the technology involved in Round-up Ready maize genetically engineered to tolerate Monsantos Round-up herbicide.
Monsanto said it would seek to have the award set aside by the trial judge.
- Financial Times 23/04/99 page 30