After setting aside nearly $10 billion to settle over 125,000 claims from victims who alleged that Bayer’s flagship weed killer Roundup gave them cancer, the corporation has set aside another $2 billion for those whose cancer has not yet been diagnosed, but could be attributed to exposure to the product.
News of the agreement arrived in the first days of February and largely closes ...
continue reading...It looks like Bayer got its bargain. In a move that has shocked most in the press by its size and scope, the company that acquired Monsanto for $63 billion will set aside a bit more than $10 billion to settle current and future claims that Monsanto’s flagship weed killer Roundup causes cancer.
When word of settlement negotiations first leaked, conversations seemed to hover around a number ...
continue reading...The verdict that served as the flashpoint for a flood of lawsuits that have erased over 30% of Bayer’s market value is under appeal in a California courtroom. At stake is not only the $78 million remainder of the original $289 million verdict awarded to school groundskeeper Dewayne Johnson, but also the future of ongoing settlement negotiations with the tens of thousands of plaintiffs currently awaiting their ...
Not content with a $55 million reduction in the amount it was ordered to pay California resident Edwin Hardeman for causing him to develop non-Hodgkin’s lymphoma, Bayer has asked the U.S. Court of Appeals for the 9th Circuit to reverse the remaining $25 million in the verdict. According to Reuters, the corporation maintains that the Hardeman verdict “defied regulatory findings and sound science” and ...
It’s been about fifteen months since a California jury found Bayer and its flagship weed killer Roundup responsible for school groundskeeper Dewayne “Lee” Johnson’s development of non-Hodgkin’s lymphoma. The trial was the first to take on Monsanto’s claims that “science” proved that Roundup was safe and show that most of that science was either paid for by the secretive agricorporation or was simply coming ...
A juror in the Roundup cancer trial brought by Edwin Hardeman has taken the unusual step of writing a letter to the judge who presided over the matter asking him to let the verdict stand without reducing it. Stating that the $80 million award was “no accident” and came about through “meticulous planning” by the jury, the letter is attributed only to “juror #5.”
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