Bayer is facing 42,700 U.S. plaintiffs who blame its glyphosate-based weedkillers for their cancer, with analysts currently estimating the size of a future settlement at $8-$12 billion
. But the stock has lost about 30% in value since last August, when a California jury in the first such lawsuit found Monsanto should have warned of the alleged cancer risks associated with its glyphosate-based weedkillers such as Roundup.
Bayer had earlier this month prepared investors for a surge in cases, saying the prospect of a settlement was fanning efforts by lawyers to recruit plaintiffs. “We have to get relatively close to finality, and that’s the subject matter that is at the centre of the structural discussions ,” he said. FILE PHOTO: Logo and flags of Bayer AG are pictured outside a plant of the German pharmaceutical and chemical maker in Wuppertal, Germany August 9, 2019. REUTERS/Wolfgang Rattay
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Bayer says number of glyphosate plaintiffs jumps to 42,700Germany's Bayer said on Wednesday that the number of U.S. plaintiffs blamin...
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Bayer Faces Surge in Roundup PlaintiffsBayer said the number of plaintiffs claiming its Roundup herbicides cause cancer more than doubled to 42,700 in the past three months, adding pressure on the chemicals-to-pharmaceuticals company to resolve the legal battle that continues to eat into its market value.
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Bayer says number of glyphosate plaintiffs jumps to 42,700Germany's Bayer said on Wednesday that the number of U.S. plaintiffs blamin...
Lire la suite »
Bayer says U.S. farmers unfazed by glyphosate litigationBayer , the world's largest maker of seeds and pesticides, said U.S. farmer...
Lire la suite »
Bayer Faces Surge in Roundup PlaintiffsBayer said the number of plaintiffs claiming its Roundup herbicides cause cancer more than doubled to 42,700 in the past three months, adding pressure on the chemicals-to-pharmaceuticals company to resolve the legal battle that continues to eat into its market value.
Lire la suite »