Friday, August 3, 2007

Monsanto seeks $100 mln damages from Novartis

(Reuters) - CHICAGO, Aug 3 - Biotech crop company Monsanto Co said on Friday it filed an arbitration claim against Novartis AG's Sandoz unit, seeking to recover at least $100 million in damages it says were caused by Sandoz in suppling a Monsanto product.



St. Louis-based Monsanto said it filed a claim against Sandoz in an international arbitration proceeding, arguing Sandoz' failure to meet U.S. Food and Drug Administration quality standards disrupted supplies to Monsanto.


Read more at Reuters.com Government Filings News

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