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Bayer's Monsanto wins reversal of $185 million PCBs verdict in Washington court [Yahoo! Finance]

BAYER AG S/ADR (BAYRY) 
NASDAQ:AMEX Investor Relations: investor.bayer.com
Company Research Source: Yahoo! Finance
over chemical contamination at a Seattle-area school, marking the second big legal win for the company in as many weeks. Monsanto spinoff Pharmacia, which sold now-banned chemicals called polychlorinated biphenyls, was found liable in 2021. Three teachers claimed they suffered brain damage from PCBs that leaked from light fixtures at the Sky Valley Education Center in Monroe, Washington. On Wednesday, the state Court of Appeals agreed with Bayer that the lower court improperly applied the laws of Missouri, where Monsanto is based, which allowed the claims to be filed decades after the company stopped producing PCBs in 1977. The U.S. government outlawed the chemicals in 1979 after discovering links to cancer. Bayer argued Washington law limits liability if exposure occurs outside a product's useful lifespan, which generally means 12 years. The case will go back to the lower court to determine whether a new trial is warranted. Plaintiffs' attorney Richard Friedman said in a st Show less Read more
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