Joint Press Release

Plaintiffs and defendants in the Syngenta MIR 162 Corn Litigation have reached a pending settlement to resolve litigation concerning the launch of Syngenta’s Agrisure Viptera and Agrisure Duracade corn traits.

The settlement, which is subject to court approval, would establish a settlement fund for the submission of claims by eligible claimants who contracted to price corn or corn by-products after September 15, 2013. Information concerning the settlement fund, claims process, and other details will become available after the parties execute and submit the proposed settlement agreement and other papers to the court later this year.

The proposed settlement would allow both sides to avoid the uncertainty of ongoing litigation. The settlement does not constitute an admission by either side concerning the merits of the parties’ allegations and defenses.




Q&A

Why are the parties settling?
The Syngenta MIR 162 Corn Litigation began in the fall of 2014 and was expected to continue for several years. The settlement would allow both sides to avoid the uncertainty of ongoing litigation.

What is the amount of the settlement?
The parties have agreed to keep the amount of the proposed settlement confidential until the execution and submission of the proposed settlement agreement and other papers to the court. That submission will occur later this year and will be publicly available in connection with plaintiffs’ motion for preliminary approval of the settlement.

Who is covered by the proposed settlement?
The settlement, which is subject to court approval, would resolve litigation concerning the launch of Syngenta’s Agrisure Viptera and Agrisure Duracade corn traits. The settlement would establish a settlement fund for the submission of claims by eligible claimants who contracted to price corn or corn by-products after September 15, 2013. Information concerning these and other details will become available after the parties execute and submit the proposed settlement agreement and other papers to the court later this year.

What if a person does not want to settle?
Both sides fully support the entry of the proposed settlement as a fair and reasonable resolution of litigation concerning the launch of Syngenta’s Agrisure Viptera and Agrisure Duracade corn traits. Information concerning the participation and claims process, including questions concerning the ability to opt out of the settlement, will become available after the parties execute and submit the proposed settlement agreement and other papers to the court later this year.

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