Bayer A.g. (PC) (USOTC:BAYRY)
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-- A royalty dispute between Monsanto and India's Nuziveedu Seeds Ltd. has been decided in favor of Monsanto, Reuters reports Monday, citing "lawyers familiar with the matter."
-- Terms of the ruling in the dispute between Monsanto, a unit of Bayer AG, and Nuziveedu weren't revealed, the report said.
-- The dispute came after Nuziveedu Seeds and its affiliates stopped paying royalties to a Monsanto joint venture in India in 2015, arguing that payments should go to the Indian government, the report said.
Full story: https://www.reuters.com/article/us-india-monsanto-exclusive/exclusive-bayers-monsanto-wins-arbitration-ruling-over-royalties-from-indian-seed-company-idUSKCN1Q01ZF?il=0
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(END) Dow Jones Newswires
February 11, 2019 14:34 ET (19:34 GMT)
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