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0.00137835975189522 -0.00344589937973816 -0.00275671950379055 -0.00068917987594773 0.000689179875947608 -0.00068917987594773 -0.00758097863542393 -0.00758097863542393
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Bayer agrees to $7.25 billion proposed settlement over thousands of Roundup cancer lawsuits [Los Angeles Times (CA)]

BAYER AG S/ADR (BAYRY) 
NASDAQ:AMEX Investor Relations: investor.bayer.com
thousands of U.S. lawsuits alleging the company failed to warn people that its popular weedkiller Roundup could cause cancer. The proposed settlement comes as the U.S. Supreme Court is preparing to hear arguments on Bayer's assertion that the U.S. Environmental Protection Agency's approval of Roundup without a cancer warning should invalidate claims filed in state courts. That case would not be affected by the proposed settlement. But the settlement would eliminate some of the risk from an eventual and uncertain Supreme Court ruling — both for Bayer and for patients seeking damages. Germany-based Bayer, which acquired Roundup maker Monsanto in 2018, disputes the assertion that the weedkiller's key ingredient, glyphosate, can cause non-Hodgkin's lymphoma. But the company has warned that mounting legal costs are threatening its ability to continue selling the product in U.S. agricultural markets. “Litigation uncertainly has plagued the company for years, and this settlement give Show less Read more
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