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Stock impact report

Bayer seeks legal shield from suits claiming Roundup causes cancer [CBS News]

BAYER AG S/ADR (BAYRY) 
NASDAQ:AMEX Investor Relations: investor.bayer.com
Company Research Source: CBS News
to pass bills providing it legal protection from lawsuits claiming its popular weedkiller Roundup causes cancer Nearly identical bills introduced in Iowa, Missouri and Idaho this year - with wording supplied by Bayer - would protect pesticide companies from claims they failed to warn that their product causes cancer, if their labels otherwise complied with the U.S. Environmental Protection Agency's regulations. But legal experts warn the legislation could have broader consequences - extending to any product liability claim or, in Iowa's case, providing immunity from lawsuits of any kind. Critics say it could spread nationwide. "It's just not good government to give a company immunity for things that they're not telling their consumers," said Matt Clement, a Jefferson City, Missouri, attorney who represents people suing Bayer. "If they're successful in getting this passed in Missouri, I think they'll be trying to do this all over the country." Bayer described the legislation as Show less Read more
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