Bayer AG 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… Continue reading Bayer Proposes Paying $8 Billion to Settle Roundup Cancer Claims
Tag: PCB liability
Bayer’s Other Legal Mess: An Old Liability Many Have Forgotten
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