The GLP is committed to full transparency. Download and review our Annual Report.

Bayer faces expensive lawsuit in Brazil as more farmers challenge firm’s GMO soy patent

| | July 30, 2019

Germany’s Bayer AG, which completed the takeover of U.S.-based Monsanto [in 2018], has been dealt a legal blow in Brazil as more farmers joined a lawsuit challenging the protection of a key soy seed patent.

A Brasília appeals court authorized producers from another 10 states to join Mato Grosso state farmers as plaintiffs in a case challenging the validity of Monsanto’s Intacta RR2 PRO patent, according to court filings …. That means Bayer, which had been ordered to deposit royalties received from the Mato Grosso growers in an escrow account, will have to do the same with royalties from the new plaintiffs

Royalties from Intacta sales in Mato Grosso were an estimated 800 million reais ($211 million) per harvest, Souza said. When royalties from farmers in the other 10 states are accounted for, the amount to be deposited in a judicial account could rise to as much as 2.7 billion reais, he said.

Related article:  Activists plan to call Vandana Shiva as ‘expert’ witness in Ghana GMO court case

Read full, original article: Germany’s Bayer dealt new legal blow as more Brazil farmers challenge soy patent

The GLP aggregated and excerpted this article to reflect the diversity of news, opinion, and analysis. Click the link above to read the full, original article.
News on human & agricultural genetics and biotechnology delivered to your inbox.
Optional. Mail on special occasions.

Send this to a friend