World's Top Life Science Groups Reportedly Face Suits September 13, 1999 LONDON (Reuters) - The world's biggest life science companies and grain processors will face a multi-billion-dollar antitrust action to be launched in up to 30 countries later this year, the Financial Times reported Monday. The unprecedented lawsuits would claim that companies such as Monsanto, DuPont and Novartis were exploiting bioengineering techniques to gain a stranglehold on agricultural markets, the newspaper said. It said the action was being brought jointly by the Foundation on Economic Trends, run by Washington-based biotech activist Jeremy Rifkin, and the U.S. -based National Family Farm Coalition, together with individual farmers across Latin America, Asia, Europe and North America. The Financial Times said it would be the biggest antitrust suit ever brought, with the possible exception of that against Microsoft (MSFT. It quoted Michael Hausfeld, of Cohen Milstein Hausfeld and Toll -- one of 20 U.S. law firms that have agreed to take cases on a ``no-win no-fee'' basis, as saying: ``It has literally global implications.'' The Financial Times said the move represented the first global challenge to controversial techniques for exploiting genetically modified (GM) crops commercially. Five companies -- Monsanto, Novartis, AstraZeneca, Aventis and DuPont -- controlled virtually all GM crops, the newspaper said.