Intl Flavors & Fragrances Settles V. Mane's Claims On Monomenthyl Succinate

International Flavors & Fragrances Inc. (IFF: News ) Thursday said it has settled all patent and non-patent claims brought by V. Mane Fils S.A in the U.S District Court for the District of New Jersey. According to the settlement agreement, IFF will pay Mane a royalty of $40 million.