(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.