welcome to usaapay.com

2020-

2020-06-24 c
Roundup at the Cancer Corral

Bayer agrees to $10.9bn settlement over Monsanto’s weedkiller Roundup

Numerous lawsuits have been brought against the pharmaceutical subsidiary over claims the chemical causes cancer

German pharmaceutical company Bayer says it’s paying up to $10.9bn to settle a lawsuit over subsidiary Monsanto’s weedkiller Roundup, which has faced numerous lawsuits over claims it causes cancer.

Bayer said it was also paying up $1.22bn to settle two further cases, one involving polychlorinated biphenyl (PCB) in water.

Bayer said the Roundup settlement would “bring closure to approximately 75%” of the current 125,000 filed and unfiled claims. The resolution also puts in place a mechanism to resolve potential future claims, the company said.

“First and foremost, the Roundup settlement is the right action at the right time for Bayer to bring a long period of uncertainty to an end,” said Werner Baumann, CEO of Bayer, in a statement on Wednesday.

Bayer said the agreement is subject to approval by judge Vince Chhabria of the US district court for the northern district of California.

Three Roundup cases that have gone to trial in recent years are not covered by the settlement and will continue through the appeals process, Bayer said. (read more)

______________________

Permission is hereby granted to any and all to copy and paste any entry on this page and convey it electronically along with its URL,
______________________