Corteva, Inari settle US seed patent dispute during Delaware trial
The companies asked the Delaware federal court to dismiss the case with prejudice. Financial terms were not disclosed.
(Adds companies' statement on settlement in bullet 4) By Blake Brittain Sept 28 (Reuters) — Agricultural technology giant Corteva Agriscience has settled a lawsuit accusing startup rival Inari Agriculture of illegally obtaining and copying its patented corn and soybean seeds, the companies said in a filing in Delaware federal court.
The companies resolved the case days into a trial in Delaware that had started on September 23 Corteva and Inari asked the court late Sunday to dismiss the case with prejudice, which means it cannot be refiled The filing did not disclose financial terms of the settlement but said that Inari would destroy all Corteva seeds and other biological materials in its possession The companies said in a statement on Monday that they have agreed to negotiate "certain license agreements" and that the rest of the settlement's terms are confidential Corteva sued Inari in 2023 Inari denied the allegations and argued the patents were invalid Corteva spun off from DowDuPont in 2019 The case is Corteva Agriscience LLC v.
Inari Agriculture Inc, US District Court for the District of Delaware, No. 1:23-cv-01059. For Corteva: Peter Bicks of Orrick Herrington & Sutcliffe For Inari: Dimitrios Drivas of White & Case Read more: Corteva competitor Inari must face seed patent lawsuit (Reporting by Blake Brittain in Washington)