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The German company settled most of the then-pending Roundup litigation in 2020 for $10.9 billion, but currently faces about 58,000 claims, according to its most recent financial report.
Bayer boss Werner Baumann's contract has been extended until 2024, in a show of support from the drugmaker's new chairman just months after the company agreed an $11 billion outline settlement of ...
Bayer. $10.9 billion German pharmaceutical company Bayer agreed to pay nearly $11 billion to settle thousands of lawsuits over subsidiary Monsanto’s weed-killer Roundup. The settlement aims to ...
In June 2020, Bayer agreed to settle over a hundred thousand Roundup lawsuits, agreeing to pay $8.8 to $9.6 billion to settle those claims, and $1.5 billion for any future claims. The settlement does not include three cases that have already gone to jury trials and are being appealed. [63] However the settlement was not allowed to cover future ...
Johnson v. Monsanto Co. was the first lawsuit to proceed to trial over Monsanto's Roundup herbicide product causing cancer. The lawsuit alleged that the exposure of glyphosate, an active ingredient in the Roundup product, caused Dewayne "Lee" Johnson's non-Hodgkin lymphoma.
Lawsuit and settlement [ edit ] In 2018, Bayer purchased the American agricultural product producer Monsanto Co. [ 13 ] With the purchase, Bayer also took on litigation against its weedkiller product, Roundup, which was subject to thousands of lawsuits, representing nearly 100,000 people, [ 14 ] claiming the product caused their cancer. [ 15 ]
Bayer shares fell more 6% on Tuesday after a U.S. judge questioned part of the German company's proposed settlement to deal with future claims relating to allegations that its widely used ...
Nachawati helped negotiate a subsequent proposed $8.9 billion settlement with LTL and Johnson & Johnson. The firm represents more than 6,000 individuals diagnosed with Non-Hodgkins Lymphoma following exposure to Monsanto's Roundup herbicide. Nachawati was critical of a $2 billion settlement proposed by Monsanto in 2021, which was later rejected ...
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