Multi-Billion Dollar Antitrust Lawsuits To Be Filed Against Monsanto and Other GM
Companies by Farm Groups Around the World
Monsanto Investing News web page.
Financial Times 13 Sept 99
GM foods groups face huge lawsuit
By Jean Eaglesham, Legal Correspondent
The world's biggest life science
companies and grain processors
will face a multi-billion dollar
antitrust action to be launched in
up to 30 countries later this year.
The unprecedented lawsuits will
claim that companies such as
Monsanto, DuPont and Novartis
are exploiting bioengineering techniques to gain a
stranglehold on agricultural markets.
The action is being brought jointly by the Foundation on
Economic Trends, run by Washington-based biotech
activist Jeremy Rifkin, and the US-based National Family
Farm Coalition, together with individual farmers across
Latin America, Asia, Europe and North America.
It will be the biggest antitrust suit ever brought,
with the possible exception of that against Microsoft.
"It has literally global implications," said Michael
Hausfeld of Cohen Milstein Hausfeld and Toll, one of the
20 US law firms that have agreed to take the cases on a
"no-win no-fee" basis.