Tags: Bayer | Monsanto Settlement

Bayer to Pay up to $10.9 Billion to Settle Monsanto Case

Wednesday, 24 June 2020 01:39 PM

BERLIN (AP) — German pharmaceutical company Bayer says it’s paying up to $10.9 billion to settle a lawsuit over subsidiary Monsanto’s weedkiller Roundup, which has faced numerous lawsuits over claims it causes cancer.

In a statement Wednesday, Bayer said it was also paying up $1.22 billion to settle two further cases, one involving PCB in water.

The Leverkusen-based company said the Roundup settlement would “bring closure to approximately 75%” of the current 125,000 filed and unfiled claims.

It said the agreement is subject to approval by Judge Vince Chhabria of the U.S. District Court for the Northern District of California.

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German pharmaceutical company Bayer says it's paying up to $10.9 billion to settle a lawsuit over subsidiary Monsanto's weedkiller Roundup, which has faced numerous lawsuits over claims it causes cancer.In a statement Wednesday, Bayer said it was also paying up $1.22...
Bayer,Monsanto Settlement
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2020-39-24
Wednesday, 24 June 2020 01:39 PM
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