| DuPont Enters Settlement to Protect Plant Breeder Rights | |
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DuPont DD announced that DuPont Pioneer, the world's leading developer and supplier of advanced plant genetics, and Hill & Hill Farms Limited – a retailer of agricultural seed and an unit of Varna Grain Ltd. – have reached a confidential settlement regarding a lawsuit for unlawful selling activity that was filed by DuPont Pioneer.
Per the settlement, Hill & Hill admitted that it engaged in unlawfully selling DuPont Pioneer's protected wheat variety under the Canadian Plant Breeders' Rights Act. Hill & Hill, which marketed, sold and passed off Pioneer variety 25R40 wheat seed as its own, also admitted that it wrongly identified the seed under another variety name in breach of DuPont Pioneer's plant breeder rights.
According to the settlement, Hill & Hill has agreed to cease all unlawful usage of DuPont Pioneer’s seeds.
DuPont makes considerable investments to provide seeds to the Canadian farmers who, in turn, can raise the size and quality of their crops and operate more productively. Thus, the company defends its intellectual property rights across its product range and also protects its investments to ensure the integrity of its products and maintain fairness in the marketplace.
Recently, DuPont opened its Integrated Seed Science Center in Johnston, IA. The center, which is the second facility in the DuPont Integrated Seed Science Network, is responsible for the development and evaluation of seed treatment formulations, applications and seed handling techniques. DuPont, through this center, strives to deliver the appropriate seed treatments to farmers to help optimize the genetic performance of seeds.
DuPont currently carries a Zacks Rank #5 (Strong Sell).
Some better-ranked companies in the diversified chemical space include Innospec Inc. IOSP, Eastman Chemical Company EMN and Trecora Resources TREC. While Innospec sports a Zacks Rank #1 (Strong Buy), both Eastman Chemical and Trecora hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report DU PONT (EI) DE (DD): Free Stock Analysis Report EASTMAN CHEM CO (EMN): Free Stock Analysis Report INNOSPEC INC (IOSP): Free Stock Analysis Report TRECORA RESRCS (TREC): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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du Pont de Nemours and Co
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CODE : DUPP.PA |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
du Pont de Nemours is based in United states of america. du Pont de Nemours is listed in France. Its market capitalisation is €UR 49.7 billions as of today (US$ 55.5 billions, € 49.6 billions). Its stock quote reached its lowest recent point on March 06, 2009 at €UR 10.03, and its highest recent level on March 20, 2015 at €UR 72.47. du Pont de Nemours has 876 409 984 shares outstanding. |