(Bloomberg) Bayer AG’s Monsanto unit persuaded a Missouri judge to cut almost $1 billion from a $1.5 billion jury verdict that was one of the largest in the six years the company has been fighting thousands of claims that its Roundup weedkiller causes cancer.Most Read from BloombergNY Region Rattled by 4.8 Magnitude Quake, Biggest in 140 YearsTurkey Joins NATO Allies in Suspending Europe Arms TreatySaudis Scale Back Ambition for $1.5 Trillion Desert Project NeomZimbabwe Announces New Currency
Bayer Was Ordered To Pay $2 25 Billion From Liabilities For Exposure To Roundup Weedkiller
menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
The Path To Success: Should I Move Abroad Or Look For A Career First?
menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
Despite more than $4 billion in U.S. jury verdicts over Bayer's Roundup weedkiller, including a $2.25 billion verdict last week, the company so far has shown no willingness to settle, instead betting that it can greatly reduce, or wipe out, its liability through legal appeals. The strategy means the German pharmaceutical and biotechnology company could face further trials and hefty verdicts for years to come as its appeals work their way through U.S. courts. At least 10 trials are expected this year in state courts around the United States, and close to 50,000 Roundup lawsuits are currently pending.