Syngenta Corn Class Action Payments Expected to be Sent Out This Week

DTN writer Todd Neeley reported yesterday that, “The first settlement payments for farmers in the Syngenta corn class action lawsuit are expected to be sent out sometime this week, according to an announcement from attorneys representing farmers in the case.

“A majority of farmers can expect total payments exceeding $5,000, according to a news release from Stueve Siegel Hanson LLP based in Kansas City, Missouri.

“On Feb. 28, 2020, a judge in the U.S. District Court for the District of Kansas in Kansas City, approved interim payments to eligible corn growers, grain-handling facilities and ethanol plants.”

Mr. Neeley noted that, “The court previously approved the $1.51 billion settlement from a lawsuit filed following Syngenta’s release of Agrisure Viptera (MIR162) and Agrisure Duracade corn traits.

Beginning on or around March 20, the checks will be mailed to a number of eligible class members.

“That includes producers and landlords who are expected to receive about 65% of their estimated total settlement amount, and grain-handling facilities and ethanol plants that will receive about 50% of their estimated total settlement amount.”

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