In this file:

 

·         Media Release: Syngenta Corn Nationwide Class Action Lawsuit Settles for $1.51 Billion

·         U.S. farmers seek approval of $1.51 bln GMO corn settlement with Syngenta

 

 

Syngenta Corn Nationwide Class Action Lawsuit Settles for $1.51 Billion

 

SOURCE Hare Wynn Newell & Newton, LLP

via PR Newswire/KTIC (NE) - March 13, 2018

 

KANSAS CITY, Mo. /PRNewswire/ — 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.

 

A motion for preliminary approval has been filed.  The settlement must be approved by the Honorable John W. Lungstrum, a United States District Judge for the District of Kansas.

 

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 of Hare Wynn Newell & Newton.

 

The four co-lead counsel issued a statement: “We are very pleased with this outcome. America’s corn farmers and related businesses were hurt economically and this settlement will provide fair compensation for their damages.  It is an equitable result for all involved.”

 

Who is Covered Under this Syngenta Corn Class Action Settlement?

 

All corn growers, grain handling facilities and ethanol plants across the country – as defined in the settlement and who choose to stay in the settlement – are covered by this settlement, including any U.S. farmers who opted out of previous Syngenta litigation.

 

However, all class members must submit a claim form to receive settlement funds.

 

Next Steps

 

If preliminarily approved, the settlement terms and claims process information will be set forth in notices mailed to class members and published in various media outlets across the country, as well as in a settlement website.

 

Members of the class then will have a period of time to submit a claim form, opt out of the settlement, or object to the terms of the agreement.

 

Judge Lungstrum then will decide on whether to finally approve the $1.51 billion settlement.  If the settlement is ultimately approved, it is anticipated that funds could be distributed to class members in the first half of 2019.

 

The Syngenta Genetically Modified Corn Seed Litigation

 

Judge Lungstrum certified the nationwide class action lawsuit in September 2016.

 

Eight state class action lawsuits were also certified in the multi-district litigation. The four co-lead plaintiff’s counsel in the nationwide class action lawsuit also represented more than 7,000 Kansas farmers in the first and only state class action lawsuit to be tried to a verdict. In June 2017, a Kansas jury returned a $217.7 million verdict in favor of the Kansas grown growers.

 

These farmers, as well as all corn farmers nationwide, will be covered under this class action settlement and must submit a claim form to receive compensation.

 

For more information, visit www.syngentacornlitigation.com

 

SOURCE Hare Wynn Newell & Newton, LLP

 

source url

http://kticradio.com/agricultural/syngenta-corn-nationwide-class-action-lawsuit-settles-for-1-51-billion/

 

 

U.S. farmers seek approval of $1.51 bln GMO corn settlement with Syngenta

 

Brendan Pierson, Reuters

March 12, 2018 

 

(Reuters) - U.S. farmers suing Syngenta AG over its decision to commercialize a genetically modified (GMO) strain of corn before China approved importing it sought court approval on Monday of a record $1.51 billion settlement with the Swiss seed company.

 

The deal covers U.S. corn producers, grain handling facilities and ethanol plants nationwide that sold corn priced after Sept. 15, 2013, according to a filing in Kansas federal court. Lawyers for the plaintiffs said in a statement that they believed the deal to be the largest agricultural class action settlement in U.S. history.

 

“We are very pleased with this outcome,” they said.

 

Cargill Inc is still pursuing separate claims against Syngenta and is not part of the settlement. Archer Daniels Midland Co announced it reached a separate settlement with Syngenta in February.

 

Syngenta, which is now owned by Chinese chemical company ChemChina, could not immediately be reached for comment.

 

The settlement was first reported in September, but its details were not made public until Monday’s filing.

 

The farmers’ class action lawsuit, which was certified in 2016, concerns Syngenta’s 2010 decision to sell a strain of insect-resistant GMO corn called Agrisure Viptera in the United States.

 

Lawyers for the corn farmers said...

 

more

https://www.reuters.com/article/syngenta-ag-settlement/u-s-farmers-seek-approval-of-1-51-bln-gmo-corn-settlement-with-syngenta-idUSL1N1QU21U