The widening legal nightmare over Roundup weedkillers isn’t the only potential multi-billion-dollar liability Bayer AG inherited last year when it acquired Monsanto Co. While thousands of damage claims over Roundup have grabbed headlines and hogged the attention of investors, the German conglomerate also has become a target of lawsuits by American states and cities trying… Continue reading Bayer’s Other Legal Mess: An Old Liability Many Have Forgotten
Tag: Monsanto
Judge to Slash $2 Billion Award for Couple with Cancer in Roundup Lawsuit
A California judge will slash a $2 billion judgment against Bayer AG, which had been awarded to a couple who both developed cancer after decades of using Roundup to kill weeds. The damages award announced in May marked the largest to date in the litany of lawsuits tying the top-selling herbicide to non-Hodgkin’s lymphoma. But… Continue reading Judge to Slash $2 Billion Award for Couple with Cancer in Roundup Lawsuit
Judge Cuts $55 Million from $80 Million Roundup Verdict
A federal judge Monday cut down by $55 million a verdict tying Bayer AG’s Roundup weedkiller to cancer, as the company continues to battle thousands of similar claims throughout the U.S. The ruling comes in the case of Northern California resident Edwin Hardeman, who won a more than $80 million jury verdict in a case… Continue reading Judge Cuts $55 Million from $80 Million Roundup Verdict
Bayer Reviews Its Approach to Weedkiller Lawsuits
Bayer AG on Wednesday bowed to pressure from investors, saying it would seek outside help and review its approach in the company’s legal battle with thousands of cancer patients who blame the herbicide Roundup for their illness. The chemicals and pharmaceutical giant said it would create a special committee of eight supervisory board members to… Continue reading Bayer Reviews Its Approach to Weedkiller Lawsuits
Monsanto Weedkiller Roundup Was ‘Substantial Factor’ in Causing Man’s Cancer: Jury
A federal jury found Tuesday that Monsanto’s popular weedkiller Roundup was a “substantial factor” in causing a California man’s cancer, dealing a significant blow to the company as it aggressively defends its products against thousands of similar claims. The six-member jury delivered the unanimous verdict in the United States District Court in San Francisco, months… Continue reading Monsanto Weedkiller Roundup Was ‘Substantial Factor’ in Causing Man’s Cancer: Jury
Bayer Says More Americans Are Alleging Monsanto Weedkillers Cause Cancer
Bayer AG said the number of American plaintiffs alleging its recently acquired weedkillers cause cancer has risen sharply, adding to concerns about potentially lengthy and costly litigation stemming from its acquisition of Monsanto. The German chemicals company on Wednesday also lowered its full-year earnings outlook because of delays in closing its $63 billion purchase of… Continue reading Bayer Says More Americans Are Alleging Monsanto Weedkillers Cause Cancer