Central Garden & Pet Settles Litigation With Monsanto.Business Editors LAFAYETTE, Calif.--(BUSINESS WIRE)--Jan. 28, 2002 Central Garden & Pet Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CENT) today announced the settlement of all litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. with Monsanto (NYSE NYSE See: New York Stock Exchange :MON) related to its distributorship of lawn and garden products for the former Monsanto Company during the 1990s. Under the terms of the settlement agreement, Central will pay Monsanto $5.5 million. The settlement agreement resolves payments due from Central for lawn and garden products previously shipped, and provides for Central's Pennington subsidiary to purchase $2 million of Monsanto's glyphosate glyphosate herbicide and desiccant for grains. Heavy doses to birds cause soft shells on their eggs. material during the next 30 months under an existing supply agreement with Monsanto. This settlement does not affect the litigation presently pending between Central and The Scotts Company. Central Garden & Pet Company is a leading producer of consumer garden and pet products. Central's proprietary branded products include Pennington Seed(R), AMDRO(R), Maxide(R), Strike(R), Lilly Miller(R), Grant's(R), and Matthews(R) Four Seasons garden products, and All-Glass(R), Oceanic Systems(R), Island(R), Kaytee(R), TFH TFH Technische Fachhochschule (German: Engeneering College/University) TFH 24 Hours (Movie) TFH Thread from Hell (newsgroups) TFH Tinfoil Hat TFH Thanks For Helping (R), Nylabone(R), Zodiac(R), and Four Paws(R) pet products. For additional information on Central Garden & Pet, including access to the Company's SEC filings, please visit the Company's website at http://www.centralgardenandpet.com. |
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