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
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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