Syngenta and Plaintiffs Reach Pending Settlement in Corn Traits Launch Litigation

WASHINGTON--()--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.

About Syngenta

Syngenta is a leading agriculture company helping to improve global food security by enabling millions of farmers to make better use of available resources. Through world class science and innovative crop solutions, our 28,000 people in over 90 countries are working to transform how crops are grown. We are committed to rescuing land from degradation, enhancing biodiversity and revitalizing rural communities. To learn more visit www.syngenta.com and www.goodgrowthplan.com. Follow us on Twitter at www.twitter.com/Syngenta and www.twitter.com/SyngentaUS.

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Contacts

Syngenta International AG
Media Office
CH-4002 Basel
Switzerland
Tel: +41 61 323 2323
Fax: +41 61 323 2424
www.syngenta.com
or
Media contacts:
Leandro Conti
Switzerland +41 61 323 2323
or
Paul Minehart
USA +1 202 737 8913
or
Analyst/Investor contacts:
Andy McConville
Switzerland +41 61 323 5059
USA +1 202 737 6521

Release Summary

Syngenta and plaintiffs reach pending settlement in corn traits launch litigation

Contacts

Syngenta International AG
Media Office
CH-4002 Basel
Switzerland
Tel: +41 61 323 2323
Fax: +41 61 323 2424
www.syngenta.com
or
Media contacts:
Leandro Conti
Switzerland +41 61 323 2323
or
Paul Minehart
USA +1 202 737 8913
or
Analyst/Investor contacts:
Andy McConville
Switzerland +41 61 323 5059
USA +1 202 737 6521