Bayer to pay $1.5 mln in 2nd lawsuit over GM rice

FRANKFURT -- Germany's Bayer (BAYGn.DE) was ordered by a jury in the United States to pay $1.5 million in damages to three farmers for losses they incurred because of contaminations of Bayer's genetically modified rice, the second in about 500 similar cases pending. The jury's ruling in a St. Louis court against Bayer's CropScience division follows a related case in December, in which Bayer was ordered to pay $2 million, the chemicals- and drugmaker said on Friday after the close of trading in Germany. "The company will assess this ruling thoroughly and consider its options," a Bayer spokesman in Germany said. "Bayer CropScience is standing by its view that the company has handled its biotech rice responsibly and appropriately at all times," he added.
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Posted by Editor at February 8, 2010 03:38 AM