Received settlement of more than $600,000
By Diego Flammini
Assistant Editor, North American Content
Farms.com
The Missouri Soybean Merchandising Council (MSMC), along with the Mid-America Research and Development Foundation (MRDF), won a joint legal proceeding against AgBorn Genetics LLC, and was awarded a settlement of $602,945.
The decision, reached by a unanimous jury, found that MSMC and MRDF were entitled to the settlement “based on royalties owed for undisclosed and unreported sales of MSMC’s soybean seed technologies and for unpaid and bounced royalty checks issues by AgBorn Genetics.”