P&G and Kraft Foods Reach Lawsuit Settlement
The Procter & Gamble Company (P&G) has reached a settlement with Kraft Foods regarding P&G patents to plastic packaging for roast and ground coffee. The settlement covers pending cases related to this matter between P&G and Kraft Foods. The patents protect technology that has helped to drive the success of the Folgers Coffee brand.
"We are delighted by the terms of this settlement and will not hesitate to do what it takes to continue to protect our intellectual property," says Steve Jemison, P&G's chief legal officer.
In August 2007, P&G filed suit against Kraft Foods, alleging Kraft Foods' Maxwell House plastic container infringed P&G's patents. P&G and Kraft settled the dispute amicably. The financial terms and the details of this settlement will not be disclosed.
Kraft Foods released a press release with a statement as follows: "Kraft Foods is pleased to settle this matter with P&G in such an efficient and pragmatic way. We look forward to moving ahead on our Maxwell House brand."
In November 2008, P&G completed the sale of its Folgers Coffee business to The J.M. Smucker Company.
"We are delighted by the terms of this settlement and will not hesitate to do what it takes to continue to protect our intellectual property," says Steve Jemison, P&G's chief legal officer.
In August 2007, P&G filed suit against Kraft Foods, alleging Kraft Foods' Maxwell House plastic container infringed P&G's patents. P&G and Kraft settled the dispute amicably. The financial terms and the details of this settlement will not be disclosed.
Kraft Foods released a press release with a statement as follows: "Kraft Foods is pleased to settle this matter with P&G in such an efficient and pragmatic way. We look forward to moving ahead on our Maxwell House brand."
In November 2008, P&G completed the sale of its Folgers Coffee business to The J.M. Smucker Company.