MGPI settles patent infringement and litigation

by Eric Schroeder
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ATCHISON, KAS. — MGP Ingredients, Inc. on Dec. 27 settled its two-year patent infringement and contract litigation.

As part of the settlement, MGPI received $8 million, while granting the other parties in the lawsuit a non-exclusive license.

MGPI said it used the proceeds from the settlement to reduce debt.

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