Investors reacted positively to reports that Bayer would pay $8 billion to settle 18,400 lawsuits alleging Roundup caused cancer
: Investors reacted positively to reports that Bayer would pay $8 billion to settle 18,400 lawsuits alleging Roundup, a weed killer sold by its subsidiary Monsanto, caused cancer.to resolve all current and future cases, however plaintiffs’ lawyers are demanding at least $10 billion according toA further 5,000 cases have been brought since July, taking total cancer-related lawsuits up to 18,400.
The company maintains that glyphosate is safe, citing regulators and extensive research.and if the move would conclude all the cases in the U.S. He added that the group was “constructively engaging” with a court-ordered process with mediator Ken Feinberg, on cases heard in federal court.Bayer was previously counting on U.S. courts to reverse or soften rulings that have seen plaintiffs awarded tens of millions of dollars each.
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