Syngenta and Plaintiffs Reach Pending Settlement in Corn Traits Launch Litigation
September 26 2017 - 12:15PM
Business Wire
Plaintiffs and defendants in the Syngenta MIR 162 Corn
Litigation have reached a pending settlement to resolve litigation
concerning the launch of Syngenta’s Agrisure Viptera and Agrisure
Duracade corn traits.
The settlement, which is subject to court approval, would
establish a settlement fund for the submission of claims by
eligible claimants who contracted to price corn or corn by-products
after September 15, 2013. Information concerning the settlement
fund, claims process, and other details will become available after
the parties execute and submit the proposed settlement agreement
and other papers to the court later this year.
The proposed settlement would allow both sides to avoid the
uncertainty of ongoing litigation. The settlement does not
constitute an admission by either side concerning the merits of the
parties’ allegations and defenses.
About Syngenta
Syngenta is a leading agriculture company helping to improve
global food security by enabling millions of farmers to make better
use of available resources. Through world class science and
innovative crop solutions, our 28,000 people in over 90 countries
are working to transform how crops are grown. We are committed to
rescuing land from degradation, enhancing biodiversity and
revitalizing rural communities. To learn more visit
www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter
at www.twitter.com/Syngenta and www.twitter.com/SyngentaUS.
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