Riceland Awarded US$136.8 Million In Suit Against Bayer CropScience

A Stuttgart jury on Friday awarded Riceland Foods Inc. US$136.8 million (UK£84.244 million) in its lawsuit against Bayer CropScience over genetically modified rice. The award is believed to be the largest in Arkansas history. The circuit court jury said Bayer CropScience owed Riceland US$11.8 million (UK£7.267 million) in compensatory damages and US$125 million (UK£76.978 million) in punitive damages.

(An earlier version of this story gave an incorrect figure for the compensatory damages.) In an e-mailed statement Friday night, Bayer CropScience expressed its disappointment with the verdict and said it was considering its legal options. It also noted that Arkansas law limits punitive damages to US$1 million UK£616,000). Read more ...

This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine from Perendale Publishers.