(Dow Jones) -- Swiss seed maker
Syngenta has taken another step toward resolving the legal issues over
its Agrisure Viptera biotech corn, settling a lawsuit filed by grain
giant Archer Daniels Midland. ADM, along with hundreds of farmers and
other grain companies such as Cargill, sued Syngenta in 2014 over the
corn, which Syngenta sold to U.S. farmers before Chinese authorities
approved it to be imported there. After China rejected cargoes
containing the corn, ADM and other plaintiffs sought to hold Syngenta
accountable for losses. Syngenta denied it acted improperly. An ADM
spokeswoman confirmed the settlement, earlier reported by Reuters, but
did not disclose the terms. A Syngenta spokesman didn't respond to a
request for comment.**
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