PepsiCo Drops Lawsuit Against Farmers Unlisted Video

PepsiCo has backed down from a controversial fight with Indian farmers it accused of illegally growing its registered potatoes.

The company said Thursday that it would withdraw a lawsuit it had filed against four Indian farmers for growing a potato variety the company had registered for exclusive use in its Lays potato chips.

PepsiCo had offered to settle with the farmers last week after its legal action triggered widespread protests from agricultural unions and activists.