A $1.51 billion settlement has been reached in the nationwide class action lawsuit filed in Kansas federal court over Syngenta’s genetically modified corn seed. It is believed to be the largest agricultural litigation settlement in U.S. history. The settlement covers all U.S. corn producers – farmers and crop share landlords – as well as grain handling facilities and ethanol plants nationwide who sold corn priced after September 15, 2013.
Syngenta was being sued for selling a strain of corn seed called Viptera to U.S. farmers starting in 2011, before it was approved by China for corn imports. This resulted in U.S. corn farmers being effectively locked out of the China market until the corn strain was approved in 2014.
The litigation has been led by four lawyers who were appointed Co-Lead and Class Counsel by the Court – William Chaney of Gray Reed & McGraw LLP, Patrick Stueve of Stueve Siegel Hanson LLP, Don Downing of Gray, Ritter & Graham, P.C., and Scott Powell ofThis post was originally published on this site