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$1.5B Syngenta GMO Corn Settlement Clears First Hurdle

April 11, 2018, 6:24 PM

Syngenta AG will pay more than $1.5 billion to U.S. farmers who complained that the marketing of the company’s genetically modified corn seeds shut them out of the Chinese market, after the settlement got the initial OK April 10.

The settlement fund is “very large in an absolute sense, and it represents a significant percentage of the actual nationwide damages alleged” by plaintiffs’ experts, Judge John W. Lungstrum wrote for the U.S. District Court for the District of Kansas.

The settlement classes include thousands of corn producers, over 1,500 grain handlers and over 180 ethanol producers.

Class members must release...

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