Bayer pays $10bn to settle weedkiller cancer cases

Enlarge this image

Bayer, the world's largest seed and pesticide maker, has agreed to pay $10.9 billion to settle tens of thousands of claims in the U.S. that its popular weedkiller Roundup causes cancer, the company said on Wednesday.

For the future class agreement, the company said, an independent Class Science Panel composed of expert scientists will take several years to determine whether Roundup has the potential to cause non-Hodgkin's lymphoma and, if so, at what minimum exposure levels. Bayer, a German company, inherited the legal morass when it bought Roundup's manufacturer, Monsanto, for $63 billion in June 2018.

"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, Chief Executive Officer of Bayer.

The resolution requires any plaintiffs, including those who have retained counsel but haven't filed claims in court, to dismiss their cases or agree not to file if they want to be paid.

"It has been a long journey, but we are very pleased that we've achieved justice for the tens of thousands of people who, through no fault of their own, are suffering from Non-Hodgkin Lymphoma after using a product Monsanto assured them was safe", Robin Greenwald, practice group chair for environmental pollution and consumer protection, said in an emailed statement to Bloomberg.

The overall sum includes $US1.25b ($1.82b) to settle potential future litigation, which the company has proposed would be covered by a class agreement.

Leverkusen, Germany-based Bayer's American depositary receipts climbed on the settlement news, gaining as much as as 5%.

Spain to decide this week which non-European tourists can visit
But current rules state that anyone returning to - or entering - the United Kingdom still has to self-isolate for 14 days. However, according to the BBC , it's understood that the UK's quarantine measures are up for review on 29 June.

Monsanto launched Roundup in 1974 and Bayer will continue to sell the weedkiller without a cancer warning label, a spokesman said. The company said it expects a contribution from its co-defendant, BASF, towards this settlement.

Bayer officials also agreed to pay $400 million to resolve claims that its dicamba herbicide drifted onto the fields of neighboring farmers and damaged their crops.

Under the terms of the Roundup settlement, Bayer will set up a $1.25 billion fund to cover future cancer claims. Since then, thousands of US lawsuits have been filed against the company. "At the same time, the extensive body of science indicates that Roundup does not cause cancer, and therefore, is not responsible for the illnesses alleged in this litigation".

The accord allows Bayer to continue selling Roundup in the US for use in backyards and farms without any safety warning, and plaintiffs' attorneys who settled their case inventories agreed to stop taking new Roundup clients.

Bayer suffered a clutch of financially painful setbacks in first-instance United States court rulings past year, although the amounts awarded were later reduced. Three California juries in a row ruled against the company and ordered it to pay damages to former Roundup users.

Bayer said it would make the first cash payments related to the mass settlements starting this year.

It said the agreement is subject to approval by Judge Vince Chhabria of the U.S. District Court for the Northern District of California.

Related News:



Most liked

Indicted On Murder Charges In Ahmaud Arbery Death
Retired police officer Gregory McMichael , 64, and his son Travis, 34, who were visible on the video, were arrested on May 7 . The US Justice Department is investigating whether grounds exist for federal hate-crimes charges.

Decline in active Covid cases in Delhi but pandemic far from over
India on Wednesday reported 15,968 positive coronavirus cases in the past 24 hours, the highest single-day spike in the country. The city government estimates it will have 550,000 COVID-19 cases by the end of July, and will require 150,000 beds by then.

Pokemon Unite release date, trailer, and gameplay
All Pokemon also have Unite moves, which are basically high-power super attacks that can turn the tide of battle. The July 24, 2020 Pokemon Presents has revealed a new project from The Pokemon Company and Tencent .

Martial scores Man United's first league hat-trick in 7 years
He's a passionate keeper that wants to be the best so he's developing, he's got good coaching there. I think so but it's a matter of administration and paperwork.

IPhone can be used as digital vehicle key — BMW
You can deactivate these other keys at any time, and if your phone goes missing revoke access to the auto entirely through iCloud. All this sounds great, but what if my iPhone battery dies? If you lose your iPhone, you can clear the keys remotely via iCloud.

Florida travelers to NY will be quarantined
Travelers from North Carolina will need to quarantine for 14 days in three states due to the spread of COVID-19. The three states will require a full 14-day quarantine upon arrival beginning tomorrow, Thursday June 25, 2020.

Gold prices today rise to another record high, silver rates drop
In the week that ended June 21, COVID-19 cases in the USA surged by 25% compared to a week earlier based on estimates. Gold prices in the previous session held on to prices as rupee inched higher against the dollar to levels below 76.

Michael Flynn Case Thrown Out By Appeals Court
The appeals court heard oral arguments from attorneys for Flynn, Sullivan, and the Justice Department last week. President Trump also applauded the decision , which exonerates his former associate.

Epic's removal of police cars in Fortnite reportedly isn't a political play
Tfue hasn't responded yet, but after that, he posted a tweet saying he still loved the game and said it was "fun af". To help those protesting to be heard, Epic delayed both The Device in-game event and Season 3 of Fortnite .

Regional: 'White Lives Matter Sign' - Police Say No Offence Committed
"I couldn't tell you if it's the definition of a hate crime, that's for other people to say". It's a small minority of people and I'm really upset that happened".

Dare County reports four new coronavirus cases Wednesday
The 7-day average for new tests is 6,856, though the state hasn't reported more than 5,000 tests in a day for the last three days. As of 10 a.m. on Wednesday, June 24, 2020, there are 31,624 total cases of coronavirus confirmed in Alabama.

World Health Organization chief: Coronavirus pandemic still accelerating
It is an economic crisis, a social crisis, and in many countries - a political crisis. Some countries are continuing to see a rapid increase in cases and deaths.

Person voting a breeze in Kentucky
If you are a younger, healthier Californian who is interested in serving your community, sign up to be a poll worker. That, along with strong demand for absentee ballots, could spare people from long waits, Adams said Monday.

India coronavirus: US curbs 'unfair' Air India repatriation flights
The restrictions would be reconsidered when India lifted restrictions on American carriers, the transportation department said. Delta has yet to receive Indian approval to operate U.S. -India flights despite requesting permission a month ago.

Magnitude 7.7 quake shakes central, southern Mexico
That same year, 96 people died after an 8.1 magnitude quake struck the south of the country, with Oaxaca the worst affected state. Meanwhile, the United States Geological Survey (USGS ) reported that the quake had a magnitude of 7.7, as reported by Reuters .