Bayer Denies Glyphosate in Roundup Causes Cancer; Seeks Oral Settlements

SITUATION:
Bayer & Its Weed Killer Using Oral Agreement to stave off even more and bigger lawsuits.
Glyphosate in Roundup said to cause Hodgkin’s Lymphoma cancer.

SIGNIFICANCE:
Weedkiller Roundup will continue to be sold with out any warnings while the lawsuits go on & final settlement is sought.
So called agreements or deals cover as many as 85,000 cases & involve $10B plan to end the costly legal battle.
Increase in lawsuits is impacting Bayer stock and asset base:
Recent court & negotiating by Bayer has shown the company is not going to just “roll over” & pay out.

STATS:
Bayer paid $63B for Monsanto.
Total liability from the massive number of lawsuits could exceed $10B.
Involve 50,000 to 85,000 cases.

SEZ:
About Bayer not just agreeing or rolling over –“It says they will fight ’em through the appeals, which could years to resolve” — Carl Tobias, U of Richmond Law Professor.

SOURCES:
“Examining a Possible Link between Glyphosate Exposure and Health Status among Racehorses”. https://people..mit.edu//

“Bayer reaches deal on Roundup Lawsuits” LATimes 060120-https://www.latimes.com/business/story/2020-05-25/bayer-weedkiller-deal

Leave a Reply