In April, Syngenta settled class action and individual lawsuits related to the sale and marketing of its Agrisure Viptera and Duracade corn seeds. All corn producers with an interest in U.S. corn priced for sale between Sept. 15, 2013, and April 10, 2018, are eligible for a portion of the settlement proceeds.
The settlement stems from litigation challenging Syngenta’s sale in the U.S. of insect-resistant GMO corn seed varieties before obtaining import approval from China. Under the settlement agreement, according to a news release from the lead attorneys, Syngenta will pay $1.51 billion into a settlement fund to be allocated among producers and other eligible parties (grain handling facilities and ethanol plants) and to cover the costs of administering the settlement.
For purposes of the settlement, “corn producers” includes crop-share or other landlords whose rent is based on the market price of corn. The deadline for submitting claims is October 12, 2018.
Producers who do not file a claim by Oct. 12 will not receive any money from the settlement. Regardless of whether they submit a claim for payment, all covered corn producers except those who have specifically “opted out” of this settlement will be deemed to give up any right to pursue a claim against Syngenta involving the same legal issues involved in these lawsuits.