A Cretan seeds trader is suing Tel Aviv Stock Exchange-traded Hazera Genetics for NIS 8 million, claiming the Israeli company provided the wrong tomato seeds.
The trader demands that Hazera compensate him for damage suffered and loss of profits after supplying the wrong species of tomato seeds. Hazera rejects the claims and says it will counter-sue.
The suit is the second to be filed in Crete against Hazera. About a month and a half ago, a group of farmers sued for NIS 3.1 million in compensation. The farmers claim that Hazera marketed two kinds of seeds under the same name. They claim the hybrid Hazera seeds they bought were not the kind they expected. Then too the company rejected the claims, but it did make a provision in its financial statements, apparently for the sake of caution.
Another suit was filed in Tel Aviv in late February. Four cotton growers operating in South Africa sued the company at the Tel Aviv District court for NIS 4.9 million. Their suit followed a claim by the company that they had breached contract, and demanded NIS 6.5 million in compensation. This affair is now in arbitration.
Hazera is controlled by TASE-traded Poalim Communications, which is itself controlled by the Shrem Fudim Kelner group. Hazera develops hybrid (not genetically engineered) forms of agricultural seeds, including for tomatoes, melons, peppers, onion, cucumbers, and watermelon.