Syngenta Lawsuits

Syngenta At Fault for Over $1Billion in Corn Industry Losses

Syngenta is the world’s largest agricultural chemical company, posting annual revenues of roughly $15 billion. Recently, the corporation has caused the corn industry to suffer over $1 billion in losses. Syngenta triggered a chain of events that has sent the U.S. corn industry reeling when it began selling U.S. corn growers Agrisure Viptera seeds before they had received approval for importation in China.

When China discovered the presence of the unapproved seed in the corn, they ceased importing corn from the U.S. Because China is a significant and expanding market for U.S. corn growers, the sudden ban on imports hit the U.S. corn industry hard. Corn prices have fallen, and many corn farmers are struggling to make ends meet and stay in business. The National Grain and Feed Association estimates that the total economic damage from this incident is at least $1 billion, and could be as much as $3 billion before the situation is fully resolved, all because Syngenta sold the Agrisure Viptera seed before it had been approved for import in China. It is shocking in business when something seemingly small, such as importing unauthorized corn into China, has a cascading effect that produces an avalanche of consequences for unsuspecting victims, like the corn growers, processors, and transporters who are suffering as a result of these unfortunate circumstances. If your business has been impacted by these events, contact an Atlanta business lawyer immediately.

China is a Key Market for American Corn Farmers

As the largest agricultural chemical company in the world, it is Syngenta’s responsibility to understand the economic impacts of its actions. The fact that the company is based in Switzerland does not excuse this. The corn industry is now global in nature. As such, Syngenta had every reason to believe that U.S. buyers of its Agrisure Viptera seeds would be seeking to export product to China.

Over 1,000 Lawsuits Have Been Filed Against Syngenta

Well over 1,000 lawsuits have been brought against Syngenta, alleging that:

  • Syngenta had knowledge that Agrisure Viptera was not approved for import to China when it was made available for sale;
  • Syngenta “actively misled” farmers about consequences of buying seed that was not approved by China;
  • Syngenta should have known that Agrisure Viptera would contaminate 100% of U.S. corn stock, thereby adversely impacting even U.S. corn growers who did not plant the seed.

Many more lawsuits are forthcoming. If you are a farmer, processor, or transporter of corn who has suffered as a result of Syngenta’s actions, you may have a claim for damages against the company. It is time that Syngenta be held accountable. Contact a business attorney serving Atlanta today.

Contact Atlanta business lawyers at The Angell Law Firm

The Angell Law Firm is experienced in helping individuals and businesses who have suffered financially as a result of the negligence and incompetence of another company. Contact The Angell Law Firm to speak with a business attorney serving Atlanta about how you may be entitled to receive compensation for the losses you have suffered as a result of Syngenta’s actions.

Client Reviews
★★★★★
After my car wreck I wanted to make sure I had the best counsel to take on my case, I’m glad I picked The Angell Law Firm! Any question or concerns I had where always promptly answered, I will definitely recommend them.
★★★★★
I was in a real tight spot a few months back and Bryce not only answered his own phone, but he treated me like a real person and not just a way to make more money. He settled my case and helped me in my time of need. He's earned my trust and my business for life. Jerry Amerson
★★★★★
The Angell Law Firm helped me when I got hurt in a car accident in Atlanta. Bryce Angell was very responsive and always kept me informed about the status of me case. He was very easy to talk to and made me feel like I was important rather than just another number like other law firms. Gloria
★★★★★
Mr. Angell is a guy who is very easy to talk to and is very knowledgeable. As soon as you talk to him, you like him. He helped my family through a tough time and I will never forget him for that. He was our guardian Angell! Stephen
★★★★★
Bryce Angell is a great attorney in Atlanta. He helped me when I was injured in a car accident on highway 85. He walked me through the process step by step and made sense of it all for me. The Angell Law Firm was always responsive and always took, or returned my call quickly. If you need a lawyer in Atlanta, call Bryce Angell. Gloria K.