A federal judge has given final approval to a $1.51 billion settlement against Swiss seed company Syngenta brokered by a legal team that includes two Missouri attorneys.
Plaintiffs in the case sued Syngenta claiming they had lost as much as $7 billion after the company introduced a type of genetically modified corn seed that hadn’t been approved in China, causing the country to reject U.S. corn.
The two sides initially agreed to a settlement, believed to be among the largest agricultural settlements in U.S. history, in March.
The team representing the plaintiffs featured four attorneys, including Patrick Stueve of Stueve Siegel Hanson in Kansas City and Don Gray of Gray, Ritter & Graham in St. Louis.
Barring delays, payments are expected to go out to the plaintiffs — including corn farmers, grain handlers, exporters and others — in the second quarter of 2019.
Judge John Lungstrum awarded $503.3 million in attorney fees in the case.
Read more: St. Louis Business Journal