Bayer Gets Mixed Reception at Supreme Court on Roundup Suits [Yahoo! Finance Canada]
BAYER AG S/ADR (BAYRY)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Hearing arguments in Washington Monday, the justices weighed a $1.25 million jury verdict won by a Missouri man who blamed Roundup for his non-Hodgkin lymphoma. The company contends that since US regulators didn't require a cancer warning, federal law bars the Missouri suit and others like it. The company drew supportive comments from Justice Brett Kavanaugh, who questioned whether lawsuits alleging a failure to warn could be squared with a provision in federal law requiring “uniformity” in herbicide labels. But Chief Justice John Roberts suggested that states considering new evidence that a product is risky should be allowed to “call this danger to the attention of the people.” Bayer is looking to the Supreme Court to help put an end to litigation that has cost the company more than $10 billion and cast a pall over its stock price. A ruling favoring Bayer could also help the medical-device, cosmetic and food industries, which are governed by laws simil
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