Nearly 2,000 farmers, grain handlers and corn exporters have filed cases against Syngenta since Sept. 11, when the biotechnology company was denied the motion to dismiss lawsuits against it. The lawsuits allege that the company made reckless and misleading statements about Chinese approval of a new, genetically modified corn seed named Agrisure Viptera. This action has led to a negative impact on the market for U.S. corn, lowering corn prices and sales.
Named Shareholder Jayne Conroy was quoted in the article stating, “if the judge agrees and this goes forward as a class-action, every corn farmer in the United States that lost money is covered by that class action. It is an enormous case.”
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Arkansas Democrat Gazette (online): http://www.arkansasonline.com/news/2015/nov/03/2-000-plaintiffs-consolidated-in-syngen/