U.S. judge rejects $648 million Bayer PCB contamination settlement
Source: https://www.reuters.com/, November 30, 2020
By: Jonathan Stempel
A federal judge has rejected Bayer AG’s proposed $648 million settlement of class-action litigation by cities and other claimants over contamination from polychlorinated biphenyls, or PCBs, made by the former Monsanto Co.
In a Nov. 25 decision, U.S. District Judge Fernando Olguin in Los Angeles said the accord appeared “overly broad” because it could shield Bayer from future claims, and require the settling plaintiffs to indemnify Bayer against those claims. Read more.