Monsanto Under Investigation by Seven U.S. States
April 22, 2010
“At least seven U.S. state attorney generals are investigating whether Monsanto Company has abused its market power to lock out competitors and raise prices on seed,” the Organic Consumers Association reports.
This adds to the increasing pressures on the agricultural biotech giant.
The seven states are “probing whether Monsanto violated laws by offering rebates to seed distributors for excluding rival seeds, imposing limits on combining the product with other genetic modifications, or offering cash incentives to switch farmers to more expensive generation of seed varieties.”
In addition to that, Monsanto’s marketing practices are being reviewed by the US Justice Department, and DuPont Company has accused Monsanto of anti-competitive practices in licensing litigation.