FRANKFURT/NEW YORK - Bayer AG, after more than a year of talks, agreed to pay as much as $10.9 billion to settle close to 100,000 U.S. lawsuits claiming that its widely-used weedkiller Roundup caused cancer, resolving litigation that has pummeled the company’s share price.
“The Roundup settlement is the right action at the right time for Bayer to bring a long period of uncertainty to an end,” Bayer Chief Executive Werner Baumann said. “Unfortunately, we have to pay an awful lot of money for a product which is perfectly regulated.” “Bayer wisely decided to settle the litigation rather than roll the dice in American court,” said Feinberg, who has mediated other high-profile disputes, including over the September 11th Victim Compensation Fund, the BP Deepwater Horizon disaster and Volkswagen’s VWOG_p.DE diesel emissions scandal.The three cases that have gone to trial will continue through the appeals process and are not covered by the settlement, Bayer said.
The prospect of a surge in fresh lawsuits, fighting more than 20 trials a year and the accompanying unfavorable media coverage swayed Bayer to come to terms with claimants. Bayer will continue to sell Roundup, which Monsanto first brought to the market in 1974. It will not add a cancer warning label to the product, a company spokesman said.
I wonder if Bayer was aware this was going to happen when they bought Roundup. You can be damned sure Monsanto was when they sold Roundup to them.
Absolute nonsense with zero proof--- the courts are crooked
It's rained Roundup where I live during the spring and summer, being in a farming area. Wonder if I can get some of that? Or do ya have to be dead to get it?
How about 111111112222222322qqqqqqqqqqqwqq11qqq¹222222qq2q2
Make them pay for unleashing Heroin on the world!
How about 1111¹11111111112111111111111111111111111qqqqqqq
Poor Bayer. Monsanto was really shitty purchase decision.
😂😂😂
When will Bayer compensate the victims and their family members for dumping infected Factor VIII in Europe causing the contaminatedblood scandal that took so many lives?
How much for literally everyone else who has been graciously gifted the chance to ingest this shit?
Why is it still available to purchase?
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