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Bayer Loses Second Roundup Appeal, A Blow to Curbing Suits
May 15 2021, 3:20 AM
May 14 2021, 9:42 PM
May 15 2021, 3:20 AM
(Bloomberg) Bayer AG lost its second appeal of the three jury verdicts finding that the companyâs Roundup weed killer causes cancer.The U.S. Court of Appeals in San Francisco refused on Friday to overturn the 2019 decision in the only case to go to trial in federal court. The decision may embolden consumers to bring more claims beyond the many thousands the company is trying to resolve in an $11 billion settlement.
(Bloomberg) Bayer AG lost its second appeal of the three jury verdicts finding that the companyâs Roundup weed killer causes cancer.
Outcry Grows Over Proposed Bayer AG Settlement of Monsanto Roundup Cancer Lawsuits
Cancer victims criticize settlement proposal that would allow continued sales of cancer-causing herbicide, protect Bayer AG from future cancer claims
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SAN FRANCISCO, March 5, 2021 /PRNewswire/ Cancer victims are asking a federal judge overseeing thousands of Roundup weed killer cancer lawsuits to reject a proposed settlement that would allow the glyphosate-based herbicide to remain on store shelves while shielding Bayer AG (OTCMKTS: BAYRY) from future cancer lawsuits.
A motion filed Thursday by trial lawyers at Dallas-based Fears Nachawati Law Firm shines a light on growing criticism of some plaintiffs lawyers who have already negotiated with Bayer AG to obtain favorable settlements for their existing clients that – based on the proposed settlement – would not be available to individuals not yet diagnosed.
Bayer proposes paying $8 billion to settle Roundup cancer claims
An agreement would ease investor pressure over massive litigation exposure the German drug and chemical giant took on with its $63 billion purchase of the weedkiller s maker, Monsanto.
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The Bayer logo in Monheim, Germany, on March 21, 2018. Bloomberg photo by Jasper Juinen.
Bayer is proposing to pay as much as $8 billion to settle more than 18,000 U.S. lawsuits alleging its Roundup herbicide causes cancer, according to people familiar with the negotiations.
An agreement, which could take months to work out, would ease investor pressure over massive litigation exposure the German drug and chemical giant took on with its $63 billion purchase of the weedkiller s maker, Monsanto Co. The fallout has weighed on the stock price, prompted an unprecedented shareholder vote of no confidence in the company s management and fueled speculation about a breakup.