Monsanto agrees to pay $93 million to W. Virgina residents

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(CAV News) – The American multinational agricultural biotechnology giant, Monsanto, has agreed to pay the residents of West Virgina for a total of $93 million, according to the Associated Press.

Here’s how the settlement will break down: First, Monsanto will be forced to pay the legal fee’s in the case that began in the 1980’s, when plant workers in Nitro filed a class action lawsuit. Second, Monsanto will pay $9 million to clean up 4,500 homes. Third, Monsanto will pay up to $84 million for medical monitoring.

Judge. Derek Swope approved of the settlement earlier today.

Legals troubles is nothing new to Monsanto.

The United States Department of Justice forced a fine $1.5 million fine for breaking the Foreign Corrupt Practice Act after admitting a senior official of Monsanto bribed an Indonesian official.

In 2003, Monsanto and the residents of Alabama reached a $300 million settlement, who were affected by the toxic dumping of polychlorinated biphenyls (PCB’s).

Of course, last year the company spent huge bucks(roughly $8.1m) to defeat the Prop.37 inititative, which if it had passed, would have forced companies like Monsanto to disclose genetically modified crops that are used in California food products.

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