Disclaimer: Paul does not take any position on the claims asserted against Syngenta or on whether producers join in a class action lawsuit against Syngenta. This article is for informational purposes only.
On September 26, 2017, Syngenta agreed to settle claims brought by U.S. farmers for bringing Viptera and Duracade corn varieties to market before approval in China. News of the settlement came after weeks of a trial involving about 22,000 Minnesota corn growers seeking $400 million in damages, following a settlement in June where a jury awarded over 7,000 Kansas corn growers $218 million in damages. While terms of this late September settlement are currently unknown, reports are that Syngenta is seeking to establish a fund of around $1.5 billion to settle this ongoing litigation. These class action lawsuits currently involve corn growers who priced corn after November 18, 2013, and who did not purchase Viptera or Duracade corn varieties.