Washington, DC (PRWEB) February 01, 2012
Invotex® Group Managing Director Michele M. Riley, CPA, was the damages expert for French flavoring and fragrance manufacturer V. Mane Fils S.A. (Mane) in its recent litigation against International Flavors & Fragrances, Inc. (IFF). Under the settlement agreement governing all patent and non-patent claims, IFF will pay Mane a royalty of $40 million. The litigation was related to IFF's marketing and sale of products containing Monomenthyl Succinate (MMS), a cooling additive in food and beverage products that Mane sells under the name Physcool®. In addition, IFF has ceased making or selling its Cooler 1 products, and IFF will ensure that the MMS content of its Cooler 2® products going forward is at a level that has been agreed to by both parties, according to a joint press release issued by Mane and IFF. The case, V. Mane Fils S.A. v. Int'l Flavors & Fragrances, Inc. (3:06-CV-02304), was pending in the U. S. District Court for the District of New Jersey.
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