Bloomberg News

Bayer $750 Million Accord in Modified Rice Case Now Binding

December 16, 2011

Dec. 15 (Bloomberg) -- A Bayer AG unit said its $750 million settlement with farmers over modified rice is binding now that the requisite number of growers have accepted the deal.

The farmers sued claiming an altered strain of rice had tainted their crops.

To contact the reporter on this story: Andrew Harris in Chicago at aharris16@bloomberg.net

To contact the editor responsible for this story: Andrew Dunn at adunn8@bloomberg.net


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