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Are you a corn farmer?
Have you lost money due to falling corn prices? Attorneys at Simmons Hanly Conroy are currently investigating the legal rights of farmers and businesses in the corn industry who may have been harmed by China’s rejection of corn and DDGS shipments that contained traces of Syngenta’s Agrisure Viptera MIR 162 corn. Such individuals may be eligible to file GMO corn lawsuits.
Corn prices have plummeted and sales are down as a result of China’s ban on U.S. corn. Syngenta introduced Agrisure Viptera® and Duracade™, a genetically modified corn strain, that contaminated the U.S. corn supply and may have hurt you or your business. If you have suffered economic loss as the price of U.S. corn has decreased, you may be able to recover your losses through GMO corn lawsuits. Contact our attorneys today for a free consultation.
Syngenta Releases Genetically Modified Corn without China Approval
In 2009-2010, Syngenta released a genetically modified corn seed, Agrisure Viptera®, into the U.S. market. Viptera® contains a genetic trait referred to as MIR 162 that was not approved for import by China then and still has not yet received approval.
Despite not having approval, Syngenta made statements that approval in China was imminent. For example, during Syngenta’s first quarter 2012 earnings conference call, Syngenta CEO Michael Mack stated, “[t]here isn’t outstanding approval for China, which we expect to have quite frankly within the matter of a couple days … we know of no issue with that whatsoever….” (From Transcript of Syngenta’s First Quarter 2012 Earning Conference Call Transcript.)
Are you a farmer who grew corn other than Viptera® or Duracade™? Click here to learn more about filing a GMO corn lawsuit for farmers.
Are you a business, such as a grain elevator or corn mill, who may have been harmed by China’s rejection of U.S. corn shipments? Click here to learn more about filing a GMO corn lawsuit for businesses.
Genetically-Modified Corn Contamination Costs U.S. Corn Industry Billions
The National Grain and Feed Association (NGFA) released an estimate in April 2014 stating that China’s decision to reject U.S. corn and DDGS shipments as a result of Syngenta’s Agrisure Viptera MIR 162 corn has resulted in $2.9 billion in losses to U.S. corn, DDGS and soy sectors. This dramatically impacted the profitability of corn farmers and exporters alike, resulting in a Syngenta corn lawsuit.
In addition, the NGFA predicted that during the 2014-2015 marketing year that began on Sept. 1, 2014, the U.S. corn farming industry could suffer additional economic impact up to $3.4 billion.
Read the full NGFA statement here >>>
Syngenta Releases Second-Generation MIR 162 Product, Agrisure Duracade™ for 2014 Planting Season
Despite the problems Viptera® corn has caused the U.S. corn market, Syngenta launched another MIR 162 product, Duracade™ corn, which is also not approved by China. The release of Duracade™ will likely continue the cycle of harm to corn and DDGS prices that Viptera®caused. NGFA, which represents companies handling almost three-quarters of U.S. grains, expects Duracade™ to also cause similar disruptions in the corn market because the genetically-modified corn product has not yet been approved in China and other U.S. corn export markets.
File a GMO Corn Lawsuit
Click here to learn more about filing a GM corn lawsuit as a farmer >>>
Click here to learn more about filing a GM corn lawsuit as a corn exporter or other related business >>>
To learn more about how corn farmers and businesses in the grain industry may be able to hold Syngenta accountable for depressing the U.S. corn and DDGS markets, contact us today for a free consultation. Fill out the form or call 1-866-468-8631 to learn more about filing a Viptera® or Duracade™ corn seed lawsuit.
Why Choose Simmons Hanly Conroy
Shareholder Paul Hanly
Simmons Hanly Conroy is a leading national law firm that helps people and small businesses who have been harmed by larger corporations. With approximately 70 attorneys and nationally headquartered in the Midwest, the firm has the experience and resources necessary to hold larger companies accountable for their actions that harmed others. Named shareholder Paul Hanly and shareholder Paul Lesko help oversee the GMO corn lawsuits.
Since 1999, the firm has recovered over $5 billion in verdicts and settlements on behalf of its clients. More recently, the firm represented consumers against Toyota in the unintended acceleration lawsuits and recovered millions of dollars on their behalf.
Learn more about Simmons Hanly Conroy >>>