Investors Demanding Billions From Monsanto As Part of New Class Action Lawsuit

monsanto bayer lawsuit

 

Of the top five global seed companies in the world, all five of them are heavily involved in either researching, producing, or creating genetically modified seeds (GMOs), including the number one company on the list, Monsanto (now known as Bayer).

The French seed company Limagrain, which ranks fourth, has also been developing GMOs recently, even though GMOs are banned across Europe.

Limagrain’s field trials culminated in the destruction of its GMO wheat crops in recent years by activists.

Genetically modified crops are now banned in dozens of countries, while grown in less countries overall.

These companies profit in the billions off of synthetic pesticides and genetically modified seeds.

Meanwhile, activists and investors are taking issue with the Monsanto over Roundup, the world’s best-selling herbicide.

Investors Demanding Billions From Monsanto as Part of Class Action Suit 

Roundup settlement

 

Investors are demanding around 2.2 billion euros ($2.5 billion) from Bayer as part of a possible class action lawsuit over the takeover of Monsanto.

The firm Tilp said that the lawsuits were filed by about 320 investors, both institutional and retail, according to a report from Reuters.

The lawsuit was filed in the German district of Cologne.

Tilp said it believes Bayer deceived its shareholders about the risks of consumer lawsuits pending in the United States linked to the weedkiller Roundup.

Bayer said any complaints are unfounded.

“In addition we are convinced that we have carried out adequate due diligence regarding the acquisition of Monsanto,” Bayer said, adding it would defend itself in court if needed.

     

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About Nick Meyer

Nick Meyer is a journalist who's been published in the Detroit Free Press, Dallas Morning News and several other outlets. He founded AltHealthWORKS in 2012 to showcase extraordinary stories of healing and the power of organic living, stories the mainstream media always seemed to miss. Check out Nick's Amazon best-seller 'Dirt Cheap Organic: 101 Tips For Going Organic on a Budget' by clicking here, as well as its sequel Dirt Cheap Weight Loss.