Chemicals giant Bayer AG announced Aug. 16 it would ask the Supreme Court to overturn an appeals court ruling that upheld damages to a customer blaming his cancer on Roundup, a glyphosate-based weed-killer that has been on the market since the 1970s, in a move aimed at stemming a potential wave of cancer-related lawsuits against…
Bayer to Book Extra $4.5 Billion Provision for Roundup Litigation
FRANKFURT—Bayer said on Thursday it would book an additional provision of $4.5 billion related to litigation which alleges that its weedkiller Roundup can cause cancer. Bayer made the announcement in an update to investors on how it plans to deal with Roundup-related lawsuits that have dogged the company since it acquired the brand as part…
US Judge Rejects Bayer’s $2 Billion Deal to Resolve Future Roundup Lawsuits as ‘Unreasonable’
A U.S. judge rejected Bayer’s $2 billion class action proposal to resolve future lawsuits alleging its Roundup weedkiller causes cancer, saying in a Wednesday order that parts of the plan were “clearly unreasonable.” U.S. District Court Judge Vince Chhabria in San Francisco said the proposal “would accomplish a lot for Monsanto,” which Bayer acquired for…
Bayer Won’t Appeal Roundup Cancer Verdict to Supreme Court
Chemicals giant Bayer AG won’t appeal a $20.5 million jury verdict against it over Roundup, a weedkiller containing glyphosate whose use a California school groundskeeper said gave him cancer. Dewayne Anthony Lee Johnson, who worked for the Benicia Unified School District, sued Monsanto Co., claiming he developed non-Hodgkin lymphoma after being soaked in Roundup, which…
Bayer Reaches $2 Billion Deal Over Future Roundup Cancer Claims
Bayer AG struck a $2 billion deal to resolve future legal claims that its widely used weedkiller Roundup causes cancer, the German company said on Wednesday. Bayer has been struggling to finalize the settlement of claims that Roundup and other glyphosate-based herbicides cause non-Hodgkin’s lymphoma, a type of cancer. Bayer inherited the business and the…
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