Federal Judge Scrutinizes $2 Billion Roundup Settlement courthousenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courthousenews.com Daily Mail and Mail on Sunday newspapers.
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Bayer AG (BAYGn.DE) on Wednesday will urge a U.S. judge to give preliminary approval to a controversial $2 billion settlement that would create a framework to resolve future claims that its top-selling Roundup weedkiller causes cancer.
Bayer has committed up to $9.6 billion to resolve existing claims alleging that Roundup causes non-Hodgkin lymphoma, a type of blood cancer. The class settlement would address those who get sick in the future.
Wednesdayâs hearing before District Judge Vince Chhabria in San Francisco comes a day after the judge questioned why class members would agree to the deal when jury trials have gone well against Bayer.
UPDATE 2-Judge suggests warning label as part of $2 bln plan to limit Roundup claims Reuters 5 hrs ago
By Tom Hals
May 19 (Reuters) - A U.S. judge suggested on Wednesday that Bayer AG include a warning label on Roundup as part of a proposed $2 billion settlement to resolve future claims that the top-selling weedkiller causes cancer.
Bayer has spent years and committed $9.6 billion to resolve lawsuits alleging non-Hodgkin lymphoma is caused by Roundup, a glyphosate-based herbicide it inherited in its $63 billion acquisition of Monsanto in 2018.
The company has said that decades of studies have shown Roundup and glyphosate are safe for human use.
-A U.S. judge suggested on Wednesday that Bayer AG include a warning label on Roundup as part of a proposed $2 billion settlement to resolve future claims that the top-selling weedkiller causes.