Bayer Reaches $2 Bln Agreement To Settle Future Roundup Lawsuits
LEVERKUSEN (dpa-AFX) - Bayer (BAYZF.PK, BAYRY.PK, BYR.L) has reached up to $2 billion agreement with plaintiffs attorneys to settle future lawsuits over claims that its Roundup weedkiller causes cancer.
The settlement will provide future plaintiffs, who contract non-Hodgkin lymphoma after using Roundup, up to $200,000 in compensation.
Bayer inherited thousands of lawsuits against Roundup inventor Monsanto Co. when it acquired the U.S. agriculture giant for $63 billion in 2018.
Bayer said plaintiffs class counsel are filing Wednesday a motion for preliminary approval of the class agreement with Judge Vince Chhabria of the U.S. District Court for the Northern District of California, who presides over the Monsanto Roundup multi-district litigation.
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2/4/2021 In its second proposal to settle future lawsuits that allege its Roundup weedkiller is carcinogenic, seed and ag-chemical giant Bayer said on Wednesday that it would pay up to $200 million to individual claimants and a maximum of $2 billion overall. The offer, which was submitted for approval to a U.S. district court judge in San Francisco, would cover lawsuits filed in the next four years. “The class plan is intended to be one part of a holistic solution designed to provide further closure to the Monsanto Roundup litigation,” said Bayer, based in Germany. Bayer proposed a $10.9 billion package last June that included up to $9.6 billion to resolve approximately 75% of the 125,000 cases that had been filed against Roundup and $1.25 billion for a separate class of future lawsuits to be guided by a science panel that would determine if Roundup causes non-Hodgkin’s lymphoma and, if so, at what level of exposure. The proposal’s future lawsuits se
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Bayer announces agreement with plaintiffs’ counsel on class plan
February 3, 2021 GMT
LEVERKUSEN, Germany (BUSINESS WIRE) Feb 3, 2021
Bayer announced today a formal agreement with plaintiffs’ class counsel on a class plan designed to manage and resolve future Roundup™ cases. Plaintiffs’ class counsel are filing today a motion for preliminary approval of the class agreement with Judge Vince Chhabria of the U.S. District Court for the Northern District of California, who presides over the Monsanto Roundup™ multi-district litigation. As part of the agreement, the company would be committed to pay up to $2 billion, provision for which was made and disclosed last year, to support the claims and programs covered by the class plan. The class plan is intended to be one part of a holistic solution designed to provide further closure to the Monsanto Roundup™ litigation.
MVP of the Year 2020, Product Liability, Law360
Verdicts Hall of Fame, National Law Journal
Top 100 Lawyers in California 2020, Daily Journal
Top Plaintiffs Lawyers in California, 2020, Daily Journal
2019 Civil Plaintiff Trial Lawyer of the Year, National Trial Lawyers and ALM
Winning Litigators Titans of Industry, 2019, National Law Journal
Top 100 Verdicts 2019, ALM, National Law Journal, Verdict SearchÂ
(Pilliod et al. v. Monsanto Co.)
Top 40 Under 40 Attorneys in California 2019, Daily Journal (Lifetime Award)
Number 1 Verdict in California in 2019, Topverdict.comÂ
(Pilliod et al. v. Monsanto Co.)
Top 10 Verdicts in the United States in 2019, Topverdict.com (Pilliod et al. v. Monsanto Co.)
Daily Journal Top Verdicts 2019