Bayer to Settle 100,000 Roundup Weedkiller Cancer Claims for $10.9 Billion
Source: https://www.insurancejournal.com/, June 24, 2020
By: Ludwig Burger and Tina Bellon
Bayer AG, after more than a year of talks, agreed to pay as much as $10.9 billion to settle close to 100,000 U.S. lawsuits claiming that its widely-used weedkiller Roundup caused cancer, resolving litigation that has pummeled the company’s share price.
The German drugs and pesticides maker has come to terms with about 75% of the 125,000 filed and unfiled claims overall, it said in a statement on Wednesday of the deal to end legal disputes it inherited with its $63 billion takeover of Monsanto in 2018. Read more.