28-02-2013 07:14 AM | Brazil

Monsanto loses lawsuit brought by Brazilian farmers

Well seldom do the little guys win. Well they did in Brazil. The farmers contended that the RR1 Patent expired in 2010 not 2014 as alleged by Monsanto. The Brazilian court agreed with them. Monsanto could be on the hook for $2,000,000,000 according to other articles.

Monsanto before the verdict agree to waive two years of fees and pay them back. I think that is a pretty strong admission that they knew the 2014 patent expiration date was not defendable.
Full Story : Agriculture.com