Monsanto Will Pay $350K to Settle More GM Wheat Lawsuits

Genetically-modified food giant Monsanto said it will pay about $350,000 to settle class action lawsuits brought by farmers in seven states over tainted wheat.The company will make donations of $50,000 to agricultural schools at land grant colleges in Kansas, Missouri, Illinois, Oklahoma, Texas, Louisiana and Mississippi. It will also reimburse the plaintiffs' and their lawyers for a portion of the costs associated with the case. The company said that under the terms of the settlement agreement it can't disclose how much that will cost. The lawsuits relate to the discovery of genetically modified wheat on a farm in Oregon in May 2013. The wheat had not been approved, and after the discovery, Japan and South Korea temporarily suspended some wheat orders. The European Union called for tougher testing of shipments from the U.S.

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