|
In filings to the U.S. district court in Delaware, Deere alleged
that products made or sold by Precision Planting, including vSet
seed meters along with SpeedTube products, infringed on its
patents.
The company said the patents protected its inventions that
facilitate accurate seed placement, uniform seed spacing and
even crop emergence.
"Deere has suffered damages as a result of the direct and
indirect infringing activities of Defendant and will continue to
suffer such damages as long as those infringing activities
continue," the company said in the lawsuit.
According to the lawsuit, the company is seeking unspecified
damages.
AGCO acquired Precision Planting in September 2017.
Kelli Cook, a spokeswoman for both AGCO and Precision Planting
declined to comment on the litigation.
AGCO bought Precision Planting from Monsanto Co <MON.N> after
the world's largest seed company terminated its agreement to
sell the unit to Deere.
Shares of Deere closed up 2.6 percent at $153.39 on Friday.
AGCO's stock ended the day up 1.2 percent at $64.34.
The cases are: Deere & Company v. AGCO Corporation in the United
States District Court for the district of Delaware, No.
1:18-cv-00827-UNA and Deere & Company v. Precision Planting LLC
in the United States District Court for the district of
Delaware, No. 1:18-cv-00828-UNA.
(Reporting by Rajesh Kumar Singh in Chicago and Ankit Ajmera in
Bengaluru)
[© 2018 Thomson Reuters. All rights
reserved.] Copyright 2018 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
 |
|
