Corteva and Inari settle $1.3 billion seed patent dispute mid-trial

Corteva and Inari have settled a US patent dispute over seed technology during their trial. The companies reached an agreement, though terms were not disclosed. The case involved patents related to seed genetics and breeding.

Corteva Inc. will pay $35M to 12 states and end its crop loyalty program as part of an FTC settlement, resolving allegations of anti-competitive practices. The agreement prohibits certain purchasing requirements and retaliation against customers. Corteva denies wrongdoing. The settlement does not guarantee payments to farmers. The case against Syngenta continues.

Iowa Attorney General Brenna Bird announced a $35M settlement with Corteva, Inc. over alleged monopoly violations in its pesticide loyalty programs. Iowa will receive $2.4M. The FTC and states claimed Corteva's practices limited competition, raising farmers' costs. The settlement is separate from an $85M class action case involving over 100,000 farmers.

The U.S. Federal Trade Commission (FTC) and several states have secured protections to reduce pesticide prices for American farmers in an antitrust case against Corteva. The agreement aims to lower costs for farmers by addressing competitive concerns in the pesticide market.

Corteva (CTVA) will spin off its seed business as Vylor (VYLR) on October 1, 2026. Shareholders will receive one VYLR share for each CTVA share. Vylor reported 2025 net sales of $9.9B and expects $5.7B in debt post-spin. A legal challenge may impact the timeline. Both companies will trade separately, with distinct financial profiles and dividend policies.

Corteva (CTVA) announced the SEC approved Vylor's Form 10 registration, paving the way for its spin-off. Shareholders will receive one Vylor share for each Corteva share, with distribution before October 1, 2026. Vylor will list on the NYSE under the ticker VYLR, focusing on seed and genetics.