Missouri rice farmers earned a measure of payback against Bayer AG for its contamination of US rice supplies that were traded abroad with genetically modified long grain rice. Bayer agreed to a $750 Million settlement to compensate the farmers for financial damages suffered because of the contaminated rice.
Bayer’s genetically modified Liberty Link rice was experimental and unapproved for human consumption. Because it became mixed with non-GMO rice stores, all rice traced back to those stores was rejected and massive losses were incurred by innocent US rice growers.
This groundbreaking negotiated settlement ended more than four years of hard-fought litigation. Grant L. Davis of DBJ was a key attorney in the litigation and settlement of the lawsuit. For more information, read here.
Please call Davis, Bethune & Jones today at 1-800-875-5972 for a free consultation.