Bayer Moves to Resolve Roundup Lawsuits with $7.25 Billion Settlement | Law-Order
Bayer proposed a $7.25 billion settlement to resolve current and future Roundup weedkiller lawsuits linked to Non-Hodgkin lymphoma.Summary
Bayer has announced a class settlement proposal, through its Monsanto unit, worth up to $7.25 billion to address lawsuits claiming Roundup weedkiller causes Non-Hodgkin lymphoma. The settlement, filed in Missouri, establishes a 21-year claims program with capped annual payments. Alongside this, Bayer is working on additional settlements for existing U.S. Roundup cases, potentially reaching $3 billion. This comprehensive proposal aims to cover most ongoing state and federal court cases, including those diagnosed with Non-Hodgkin lymphoma due to Roundup exposure before a specific date. Bayer anticipates increased litigation liabilities, which will affect its financial forecasts and delay the release of financial results.
(Source：Devdiscourse)