Syngenta Agrees to Settle U.S. Farmer Lawsuits over GMO Corn

 

Syngenta AG said on Tuesday it agreed to settle U.S. farmer lawsuits stemming from its decision to commercialize a genetically modified (GMO) strain of corn before China approved importing it, and a person familiar with the matter said the payment would be close to $1.5 billion.

 

The settlement does not apply to lawsuits filed by U.S. grain handlers Archer Daniels Midland Co and Cargill Inc against the Swiss seed maker, spokespeople for the three companies said.

 

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