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IFF to Pay Mane $40 Million to Settle Patent Claims
4:41 PM MST | December 29, 2011 | Robert Westervelt
International Flavors & Fragrances (IFF) says it will make a $40-million royalty payment to V. Mane Fils (Mane; Le Bar-sur-Loup, France) to settle patent and non-patent claims brought by Mane in U.S. District Court in Trenton, NJ, related to IFF’s marketing and sale of food and beverage products containing monomenthyl succinate (MMS). Under the settlement agreement, IFF has also agreed to stop making or selling MMS cooling additives used in food and beverage flavor formulations marketed as IFF's “Cooler 1” products. IFF says it will...
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