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Company: Bayer AG
Current Parent Company:
Bayer
Parent at the Time of the Penalty Announcement:
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Penalty: $750,000,000
Year: 2011
Date: July 1, 2011
Offense Group: safety-related offenses
Primary Offense: product safety violation
Mega-Scandal:
GMOs
Violation Description: Bayer agreed to pay $750 million to settle multi-district litigation brought by more than 10,000 rice farmers alleging that the company's genetically modified rice contaminated their crops.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of Missouri
Civil or Criminal Case: civil
Case ID: 4:06-md-01811
Case Name: In re Genetically Modified Rice Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: chemicals
Specific Industry of Current Parent: chemicals
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
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