MGPI settles patent infringement and litigation
January 02, 2008
by Eric Schroeder
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.