(visit the link for the full news article)
Back in April, a Brazilian court ruled that Monsanto absolutely was responsible for paying back the exorbitant amounts of cash back to the farmers, ordering the company to issue back all of the taxes collected since 2004 — a minimum of 2 billion dollars. Afterwards, Monsanto appealed the decision and the case is now suspended until a further hearing is initiated by the Justice Tribune of the local court stationed in Rio Grande do Sul.
Recently, however, the Brazilian Supreme Court declared that any decision reached in a local court case should apply nationally. The result? Monsanto now f
Originally posted by Infi8nity
According to wiki they only make 1.6billion a year. Total revenue is 11 billion. I would think they would bring in allot more doe. They are a mega corporation. I think that wiki is lieing, it would seem that 7billion dollars out of 11 billion dollars could make the mega corporation fall.
en.wikipedia.org...edit on 20-6-2012 by Infi8nity because: (no reason given)
Published: 21 June, 2012, 00:27
Biotech giants Monsanto were awarded a victory by lawmakers in Washington this week after a congressional panel voted to let farmers plant genetically modified crops made by the agriculture company despite pending legal proceedings.
Originally posted by alfa1
So I take it that nobody actually bothered reading what the news was really about?
Everybody too lazy to learn before posting?
This case is about farmers who knowingly, willingly, WANTED to buy seed from Monsanto.
Not about contamination.
The issue is in regards to a 2 percent royalty. Monsanto charged the 2 percent royalty at the time of sale, but now farmers say that want that 2 percent royalty fee back.
Responding to the bill, long-time opponents of the biotech company The Center for Food Safety call the legislation a"Monsanto profit assurance provision."
Originally posted by Pigraphia
I don't get how they have legal standing to sue.
If the farmers purposely cross pollinated or harvested seeds and planted them that's one thing.
If the bees, and birds and anything else simply spread the pollination it's beyond the farmers control.
Hell if anything Monsanto would owe them, if an organic farmer has their crop contaminated with GMO pollen their crop is compromised.
That is Monsanto's fault for not containing their pollen.
If anything the farmers should be able to sue Monsanto for contaminating their crops with unwanted GMO pollen.