Syngenta Lawsuits Allege Company’s Commercialization of GMO Corn Seed Resulted in Significant Losses for U.S. Agribusinesses, The Oliver Law Group P.C. Investigating
Detroit, MI (PRWEB) September 27, 2014 -- Syngenta GMO Corn Seed Lawsuit News: Two U.S. agribusinesses have filed Syngenta lawsuits this month that allege Syngenta AG’s attempt to commercialize a corn seed product called Agrisure Viptera (also known as MIR 162) has caused them to sustain significant financial losses, The Oliver Law Group P.C. reports. Agrisure Viptera is a genetically-modified (GMO) corn seed product developed by Syngenta that enables plants to produce proteins that ward off pests. While Syngenta says it sought approval of the GMO seed from Beijing in 2010, the product had not yet been cleared for sale in China.
(wsj.com/articles/cargill-sues-syngenta-says-gmo-seed-sales-hurt-u-s-corn-exports-to-china-1410542784, The Wall Street Journal, September 12, 2014)
(online.wsj.com/news/articles/ SB10001424052702303873604579493790405023808, The Wall Street Journal, April 11, 2014)
China Rejects U.S. Corn That Contains The Agrisure Viptera Variety
Since November 2013, China has rejected numerous shipments of U.S. corn that contain the Agrisure Viptera variety. According to The Wall Street Journal, the rejected shipments had cost grain companies an estimated $427 million by April 2014, the result of lost sales and reduced prices for China-bound shipments. The controversy surrounding the Syngenta GMO seed has also cost farmers in the U.S. millions, as it has negatively affected the price of corn and soybeans.
(online.wsj.com/news/articles/ SB10001424052702303873604579493790405023808, The Wall Street Journal, April 11, 2014)
Cargill, Inc. Files GMO Corn Seed Lawsuit Against Syngenta
On September 12, 2014, Cargill, Inc. and Trans Coastal Supply Co. filed separate Syngenta lawsuits, alleging the attempts to commercialize Agrisure Viptera caused them lose millions of dollars. The Cargill which filed in Louisiana’s 40th Judicial District Court, claims it has been exposed to more than $90 million in losses. “Syngenta’s continued release, promotion and sale of Viptera has resulted in the contamination of the Cargill Plaintiff’s corn,” the complaint charges. “Given the prevalence of crops grown from the Viptera seed in the U.S. corn supply, the Cargill Plaintiffs can no longer sell U.S.-grown corn to China.” (Case No. 60671)
Trans Coastal Files GMO Corn Seed Lawsuit Against Syngenta
Trans Coastal Supply Company, which filed its complaint in the U.S. District Court, Central District of Illinois, alleges that it could lose as much as $141 million due to Syngenta’s actions. “Syngenta’s motivation in prematurely releasing Viptera corn is greed,” Trans Coastal’s lawsuit says. “If not stopped, Syngenta is going to continue to destroy U.S. exports of corn and DDGs to China.”
(Case No. 2:14-cv-02221-CSB-DGB)
Oliver Law Group P.C. Investigating Syngenta GMO Corn Seed Lawsuits For Farmers Financially Harmed
According to the Oliver Law Group P.C. as the firm investigates Syngenta GMO Corn Seed Lawsuits, it is likely that numerous businesses and farmers in the U.S. have sustained significant financial damages due to China’s continued rejection of U.S. corn shipments. The Wall Street Journal has reported that such shipments dropped 85% in the first seven months of 2014. The lack of export demand, coupled with record production, has caused corn prices to fall nearly 60% from their 2012 peak.
(wsj.com/articles/cargill-sues-syngenta-says-gmo-seed-sales-hurt-u-s-corn-exports-to-china-1410542784, The Wall Street Journal, September 12, 2014)
Individuals and businesses that allegedly sustained financial damages due to Syngenta’s attempts to commercialize Agrisure Viptera GMO corn seed may be entitled to compensation for their economic losses. To learn more about filing a Syngenta GMO Corn Seed Lawsuit, please contact the Oliver Law Group P.C. by calling 1-(800) 939-7878 today or visit http://www.legalactionnow.com.
About The Oliver Law Group P.C. And Filing A Syngenta GMO Corn Seed Class Action Lawsuit
Oliver Law Group P.C. is a different kind of law firm. One that focuses on the needs of the injured first. A compassionate law firm dedicated to fighting for the rights of victims and their families, and doing everything necessary to ensure those rights.
The experience of a large firm. The 1-on-1 dedication of a small firm. A reputation built on trust.
Experience. Dedication. Trust. Oliver Law Group P.C.
If you would like to learn more about joining the Syngenta GMO Corn Seed Lawsuit, turn to the law firm with the Experience, Dedication, and Trust you deserve. Contact the Oliver Law Group P.C. for your free Syngenta GMO Corn Seed Lawsuit review by calling toll free 800-939-7878 today or visit http://www.legalactionnow.com.
Alyson Oliver, The Oliver Law Group, http://www.legalactionnow.com, +1 800-939-7878, [email protected]
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