$1.5 Billion Syngenta Corn Farmer Settlement Finalized
Corn Farmer Settlement Checks Are On The Way
This week we received some very good news for corn farmers nationwide who suffered price losses associated with the botched launch of genetically-modified corn seed by Syngenta in 2013. On January 3, 2020, the U.S. District Court for the District of Kansas in Kansas City approved a $1.5 billion settlement to compensate thousands of farmers for their losses.
RPWB, along with our Beaumont, Texas- based co-counsel Mitchell Toups of Weller, Green, Toups & Terrell, LLP and Richard Coffman of the Coffman Law Firm, represented the owners of 2,600 farms growing roughly 500,000 acres of corn who saw the value of their corn plummet when China rejected imports of American corn due to it being co-mingled with corn grown from Syngenta Agrisure Viptera seed. The product has since been allowed by Chinese officials.
Corn farmers who are part of the settlement are receiving Notice of Determination forms that calculate the portion of the settlement they will receive when the checks are distributed later this year. We anticipate the checks will go out in late spring or early summer 2020. Unfortunately, there is still no way to calculate how much each farmer will receive until the Settlement Administrator verifies the total bushels of corn produced by all members of the settlement. We expect that information will be forthcoming in short order.
There is just one more step for eligible corn farmers. They must complete, sign, and submit an IRS W-9 form to the Claims Administrator to be paid. They may do so in one of two ways: (1) go to www.CornSeedSettlement.com and click SUBMIT MY W-9 FORM, or (2) complete the W-9 form included in the NOD, and mail it to: Corn Seed Settlement Program Claims Administrator, P.O. Box 26226, Richmond, Virginia 23260. There is no deadline to submit your IRS W-9 form, but until you do, you won’t be paid.
We have appreciated the opportunity to represent such a hard-working, friendly and deserving group of people on this important case. Please let us know if you have any questions.
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