May 23, 2018
Syngenta and plaintiffs in a lawsuit against the company have announced a $1.51 billion settlement to resolve class actions and individual cases regarding Agrisure products.The cases allege that Syngenta sold its “Agrisure Viptera” and “Agrisure Duracade” corn seeds before it should have because new insect-resistant genetic traits in those seeds had not yet received import approval in China.The lawsuits argued that China rejected shipments of U.S. corn because the genetic traits were not yet approved there, causing the U.S. corn industry to lose access to the Chinese market and resulting in lower corn prices. Syngenta denies that it did anything wrong.
