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NEWS

DuPont's Pioneer Hi-Bred to appeal jury verdict in corn license case
Wilmington, Delaware
August 24, 2000

Pioneer Hi-Bred International, Inc., a subsidiary of DuPont, will appeal immediately a jury verdict issued today in U.S. District Court in St. Louis finding in favor of Monsanto concerning a licensing agreement between the companies for insect resistant corn.

DuPont is confident that Pioneer has complied with both the terms and the spirit of the licensing agreement between the companies.

No damages were awarded to Monsanto. Pioneer will continue to offer seeds with the Bt corn borer resistance trait. The payment of any future royalties has not been determined.

Pioneer Hi-Bred International, Inc., a DuPont business, is the world's leading developer and supplier of advanced plant genetics to farmers worldwide. With headquarters in Des Moines, Iowa, Pioneer develops, produces and markets a full line of top-quality seeds, forage and grain additives, and provides services to customers in nearly 70 countries.

DuPont is a science company, delivering science-based solutions that make a difference in people's lives in food and nutrition; health care; apparel; home and construction; electronics; and transportation. Founded in 1802, the company operates in 70 countries and has 94,000 employees. 

Company news release
N2945

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