AP NEWS

Court Rules in Favor of Farmers Edge on Counterclaim Filed by Farmobile

August 21, 2018

WINNIPEG, Manitoba--(BUSINESS WIRE)--Aug 21, 2018--The United States District Court for the District of Nebraska (No. 8:16CV191) ruled in favor of Farmers Edge™ on a counterclaim filed by Farmobile under the Defend Trade Secrets Act (DTSA).

The Court made the ruling after a trial involving key witnesses from both Farmers Edge and Farmobile. Among the evidence reviewed was the fact that Farmobile’s founders filed patent applications and founded Farmobile merely a few weeks after they left Crop Ventures, and that the patent applications were similar to work done at Crop Ventures.

The Court found that “the factual backdrop that led to this lawsuit” and “the close temporal connection between the individual defendants’ departure from Crop Ventures and their design and development of a competing product at least suggests trade secret misappropriation.” Based on a detailed review of the evidence, the Court found that Farmers Edge acted in good faith in bringing a claim against Farmobile and its founders under the DTSA. Farmers Edge believes that the legal and factual support discussed in the opinion should pave the way for a successful outcome in this case.

In the summary judgment granted to Farmobile earlier this year, the Court focused on Farmobile’s admission that it abandoned its United States patent application because of prior art. The recent ruling in favor of Farmers Edge stated, “this Court’s finding that the allegedly misappropriated information was not secret and was known in the industry will undoubtedly be challenged and could well be reversed.”

“We’re pleased with the Court’s order to dismiss Farmobile’s claim. Getting to the truth is not always simple, but Farmers Edge stands for what is right,” said Farmers Edge CEO Wade Barnes. “From the beginning, we were confident the Court would recognize that the credibility of our testimonies was consistent with the evidence and relevant facts of the case. Our team at Farmers Edge works tirelessly to drive the advancement of digital agriculture, and this ruling is an integral step to protect our rights on intellectual property. We will continue to defend the innovations we’ve built to help growers and agricultural professionals worldwide. Our legacy will be rooted in honesty.”

About Farmers Edge

Farmers Edge is a global leader in decision agriculture servicing over 22 million paid product acres worldwide with precision digital solutions. Integrating field-centric data, easy-to-use software, state-of-the-art processing technology, predictive modeling, and advanced agronomic analytics, Farmers Edge provides growers with scalable solutions to produce more with less.

Using innovative digital agronomic tools, Farmers Edge solutions focus on the sustainable production of high-yielding, high-quality crops and are designed to optimize inputs, minimize environmental impact, and protect economic viability of the farm. From seed selection to yield data analytics, Farmers Edge transforms big data into timely and accurate insights to support informed decision making. For more information about Farmers Edge, visit FarmersEdge.ca or FarmersEdgeUSA.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180821005209/en/

CONTACT: Farmers Edge

Marina Barnes, +1-204-770-3422

VP of Marketing and Communications

Communications@FarmersEdge.ca

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT OTHER TECHNOLOGY NATURAL RESOURCES AGRICULTURE

SOURCE: Farmers Edge

Copyright Business Wire 2018.

PUB: 08/21/2018 07:00 AM/DISC: 08/21/2018 07:01 AM

http://www.businesswire.com/news/home/20180821005209/en

AP RADIO
Update hourly