ahol888
Monsanto wins $7.7b lawsuit in Brazil — but farmers’ fight to stop its royalty system will continue https://t.co/z5rS0LNuZH #BRA
— Adrian Holman (@ahol888) November 6, 2019
Since Bayer bought Monsanto last year, the company has lost about $60 billion (USD) in net worth. The huge loss was due to lawsuits litigated against Monsanto due to the weed killer known as RoundUp. One of the ingredients in RoundUp is called glyphosate, a substance that has been proven to cause non-Hodgkins lymphoma in those that choose to use the product over a long period of time.
Thousands of lawsuits are still being litigated in judicial systems around the world that have been postponed until 2020. In the meantime, Monsanto needed to find a way to recoup some of their losses. Well, Monsanto went down to Brazil to inflict more pain on their soybean farmers.
Normally, soybean farmers will pay the seed company a 2% royalty tax on all soybean seeds sold. However, Monsanto placed an extra 3% tax on their seeds. In 2012, Brazilian courts ruled that they could no longer charge this exorbitant tax to Brazilian farmers. Instead of letting sleeping dogs lie, Monsanto appealed the ruling to the appeals court in Brazil.
This past weekend, the appeals court in Brazil overturned the ruling. Plus, farmers had to pay Monsanto seven years of back pay on the tax. That total came out to $7.7 billion (USD).
they should refuse to pay
They shouldn’t pay because they will be adding more land to their coffers after the Amazon has burned down.
monsanto dragging their feet in the US could come back to bite them in the ass
Yes, it could. If they are not able to reach settlements, then they have to fight every lawsuit in 2020.
because if Trump is impeached then his Kavanaugh appointment could be overturned. the balance of the court could sway against them…
Good you can post again! That is a ton of money.
Thank you for the encouragement. Yes, that is a lot of money. They have decided to use this to make their money back.
Interesting post glad you can post again
Thank you, Mrs. Moresby. I hope that you are recovering from New Zealand losing to England in the Rugby World Cup. There was no way I thought that New Zealand would lose at all in the tournament.
We cant win it all the time… Mostly NZ is a good team
Good to see you again, my friend…..now you no longer have issues with posts?
I no longer have issues with posts now. Now, they can fix the other problems on the site.
This is the most important thing so we can talk about the sport again … what do you say to Red Star yesterday?
I say that Red Star did not show up yesterday. It did not help that Tottenham played so bad over the weekend because Tottenham was focused. Red Star did not make any adjustments from the first match to the second match. The good thing is that Red Star can still end up in third place to advance to the Europa League Round of 32.
Of course, the difference in quality is obvious … even a 3rd place would be great just not so easy