PepsiCo Inc said on Thursday it will withdraw its lawsuits against a number of Indian potato farmers accused of infringing its patent.
After suing four farmers for cultivating the FC5 potato variety, grown exclusively for PepsiCo’s popular Lay’s potato chips, the snack food and drinks maker said last week it wanted to “amicably settle” the issue.
Other than filing the lawsuit against the four farmers in April, PepsiCo had also sued five other potato growers.
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