Syngenta AG has lost a court bid to temporarily force the North American grain operations of Bunge to accept its Viptera genetically modified corn until a pending lawsuit between the two companies is resolved.
Bunge has refused to take the corn, saying the elevators can't accept the grain because the necessary international approval from major export destinations has not yet been obtained. Syngenta is disputing the claims and was seeking a preliminary injunction. A U.S. District Court has judge ruled that Syngenta has "no likelihood of success on the merits of its claims" that Bunge's actions are unlawful. “Bunge’s decision to reject Viptera corn at all of its locations was a legitimate and reasonable business decision,” said the judge. “The injunction would impose prodigious costs on Bunge for a situation that Bunge did not create.”
The case is Syngenta Seeds Inc. v. Bunge North America Inc., 11-04074, U.S. District Court, Northern District of Iowa, Western Division (Sioux City).
