Tuesday, October 26, 2010

Monsanto (NYSE:MON) Sued by WV Over Alleged Non-cooperation

In an effort to find out if the claims by Monsanto (NYSE:MON) over their Roundup Ready 2 Yield soybeans are proven through test results, the state of West Virginia has sued the company because the allegedly won't cooperate.

The truth is for some reason the usual practice of including a protective order related to the confidential intellectual property information isn't being agreed to be the district attorney of West Virginia, making the lawsuit suspect at best.

In response, West Virginia is seeking an order to allow them to bar Monsanto from selling products in the state until they comply with their order.

So while Attorney General Darrell McGraw alleges he's attempting to check out the assertions of Monsanto over their soybeans, he won't allow a protective order to be included in the case. That makes no sense, and questions his integrity over the protection of intellectual property.

What reason in the world wouldn't a protective order be included unless there's an agenda of some sort. It makes little sense.

The supposed reason of the inquiry is to find out if the extra cost of seed is backed by higher yields.

Monsanto said it Roundup Ready 2 Yield soybeans yield about 38 bushels an acre more than its original soybean.

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