$1.5B
Class Action Lawsuit, Product Liability, Agricultural Law
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Case Details
Syngenta sued by corn sellers over its Agrisure Viptera corn, which China rejected, causing losses to farmers. A $1.51 billion settlement was authorized.
Additional Notes
Lawsuits sought damages stemming from China’s rejections of shipments of U.S. crops that contained Viptera corn. Complainants state the rejection disrupted trade and reduced asset prices, costing farmers as long as $3 billion. Syngenta says it didn’t require approval from China before releasing Viptera. Settlement covers payments to U.S. corn farmers, grain handling centers and ethanol production plants.