Although the Swiss-based company Syngenta denies it lied to Kentucky corn growers when it said the Chinese government was about to approve the GMO corn it sold, the company is facing a Kentucky Syngenta lawsuit and other lawsuits in 11 states that grow Syngenta’s corn.
After Syngenta said China was prepared to approve the MIR162 GMO corn, the Chinese government refused to approve importing corn with MIR162. Once China implemented a no tolerance policy on the GMO corn, known as Viptera, the country also began to refuse non-GMO corn that had been comingled with the MIR162 gene.
The Syngenta Lawsuit in a Nutshell
Kentucky is one of 11 states where a Syngenta lawsuit has been filed on behalf of farmers who state that the company’s information about pending approval of Viptera, its genetically modified corn, was offered in order to allegedly mislead them into purchasing the product. The planting of these corn seeds was supposed to lead to sales within the vast Chinese market, something that was prevented by the rejection of that corn.
The company filed in 2010 a request with Chinese regulators and then began selling the GMO corn seeds to farmers. The key marketing angle was that damage from pests such as black cutworms and corn earworms would be reduced.
Money Matters
Chinese officials first rejected the GMO corn in November 2013, which then limited the international market to United States farmers enough that they lost over $1 billion as a bushel of corn dropped by 11 cents. The rejection within six months reportedly resulted in a ban of over 1.45 million metric tons.
The 2014 corn season was expected to have the largest crop in U.S. history, yet the price of corn futures had dropped by 18% according to information released in October 2014. Such a slide would mark the second straight year in which prices have declined, after 2013 saw an even steeper drop of 40%.
Do You Qualify for a Kentucky Syngenta Lawsuit?
If you lost profits from your Kentucky corn crop in 2014, you may be eligible to receive a monetary compensation for your loss. Attorney Group for Kentucky can analyze your case and determine if you have a legitimate claim, regardless of whether you planted Syngenta’s Viptera or not. If you do have a claim, one of our affiliated attorneys can prepare a lawsuit on your behalf with no out-of-pocket cost to you. Call Attorney Group for Kentucky today for information about filing a Kentucky Syngenta lawsuit.
