Monsanto Fined $2.5M Over Misbranded Pesticides

Law360, New York (July 8, 2010, 5:21 PM EDT) -- Agricultural giant Monsanto Co. has agreed to fork over $2.5 million to resolve allegations by the U.S. Environmental Protection Agency that it illegally sold misbranded cotton seed products containing genetically engineered pesticides.

The fine marks the largest civil administrative penalty settlement ever received under the Federal Insecticide, Fungicide and Rodenticide Act, the EPA said Thursday.

The company reached the deal without admitting or denying the EPA's allegations, according to a consent order filed with the EPA's Environmental Appeals Board.

According to the agency, Monsanto Bollgard and...
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