Latham Quality seed company in Iowa has filed a lawsuit against Bayer accusing it of illegal and anti-competitive practices to monopolize the U.S. market for on genetically-engineered corn seeds.
The lawsuit alleges Bayer is reaping “hundreds of millions, if not billions, of ill-gotten dollars.”
Latham has invited others to join to make it a class-action lawsuit which would qualify for triple the amount of damages.
The Department of Justice said last week that Bayer removed potentially anti-competitive provisions from a loyalty program for independent seed companies that license its technology to produce seeds.
“Bayer has the power to control market prices and exclude competition,” the lawsuit said. “In fact, it does so.”
