Posted in Firm News, In the News on March 18, 2015
Crops are the lifeblood of the American farmer and Syngenta’s recent, greedy actions have lightened the pockets of corn growers all over the U.S., costing them billions of dollars. The company failed to receive approval from China—a major importer of American corn—before releasing genetically modified corn seed, causing the market for corn to drop significantly nationwide. Corn farmers deserve to recoup the economic devastation they have suffered due to this trade disruption. If you have been affected, then contact the Law Offices of Maloney & Campolo right away to discuss your legal options.
In 2011, Syngenta Seeds, Inc. released Agrisure Viptera, a corn seed that had been genetically altered for pest deterrence. It was cleared for sale to farmers in the United States, but not in many countries overseas. Syngenta sold the seed to American farmers regardless of the missing approval from these foreign territories.
China has a zero-tolerance policy for the genetically-modified trait found in Syngenta’s Agrisure Viptera MIR162, which was soon discovered in U.S. corn shipments. China immediately halted American corn imports in 2013 and 2014, which put a strain on the agricultural market. Some analysts estimated that this led to the corn industry losing several billion dollars’ income. Ever since, corn exports and corn prices decreased significantly.
American farmers make daily sacrifices to put food on the tables of billions of people all over the world and they deserve to be protected from those who threaten their livelihood. If you have encountered serious financial losses because of declines in the corn market, join hundreds of farmers who have already filed lawsuits against Syngenta in 20 states across the country, including federal court.
Contact us at the Law Offices of Maloney & Campolo today!