• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

7 Things TV’s Decline Can Teach You About Surviving a Recession

May 13, 2025

U.S.-China Tariff Truce: What the 90-Day Pause Means for the Economy

May 13, 2025

7 Truths Wall Street Won’t Tell You

May 13, 2025
Facebook Twitter Instagram
Trending
  • 7 Things TV’s Decline Can Teach You About Surviving a Recession
  • U.S.-China Tariff Truce: What the 90-Day Pause Means for the Economy
  • 7 Truths Wall Street Won’t Tell You
  • 12 Viral TikTok Tips About Ways To Save Money Each Month—Tested So You Don’t Have To
  • When leaving the house to your heirs backfires
  • McDonald’s Is Hiring a Massive Amount of Workers
  • Why Fast CEOs Win and Silent Ones Fade
  • CPI Report: Inflation Reaches Its Slowest Pace Since 2021
Wednesday, May 14
Facebook Twitter Instagram
FintechoPro
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
FintechoPro
Home » Bayer ordered to pay $1.56 billion in latest US trial loss over Roundup weedkiller
Investing

Bayer ordered to pay $1.56 billion in latest US trial loss over Roundup weedkiller

News RoomBy News RoomNovember 19, 20230 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

© Reuters. FILE PHOTO: Logo of Bayer AG is pictured at the annual results news conference of the German drugmaker in Leverkusen, Germany February 27, 2019. REUTERS/Wolfgang Rattay

By Tom Hals

(Reuters) – A Missouri jury ordered Bayer (OTC:) to pay $1.56 billion to four plaintiffs who claimed the company’s Roundup weedkiller caused injuries including cancer, a verdict that could intensify investor pressure on the German drugs and agricultural chemicals company to change its legal strategy.

The Cole County, Missouri jury found on Friday that Bayer’s Monsanto (NYSE:) business was liable for claims of negligence, design defects and failing to warn plaintiffs of the potential dangers of using Roundup, according to court documents.

Valorie Gunther of New York, Jimmy Draeger of Missouri and Daniel Anderson of California were awarded a combined $61.1 million in compensatory damages and $500 million each in punitive damages. Each was diagnosed with non-Hodgkin lymphoma that they alleged was caused by using Roundup on their family property. Draeger’s wife Brenda was awarded $100,000 for the harm she allegedly suffered from her husband’s disease.

The punitive damages could be reduced on appeal as it exceeds U.S. Supreme Court guidance.

Bayer has said that decades of studies have shown Roundup and its active ingredient, glyphosate, are safe for human use.

The verdict is the fourth straight loss in court for Bayer, after the company had been found not liable to plaintiffs in nine consecutive trials. Earlier this month, Union Investment, one of Bayer’s top 10 shareholders, called on the company to consider trying to engage with plaintiffs to settle more cases.

Bart Rankin, partner at Forrest Weldon which represented the plaintiffs, said in a statement the victory was the first of many on behalf of thousands of plaintiffs.

Bayer said in a statement that it has strong arguments to get the recent verdicts overturned on appeal.

It said in the recent trials that have gone against the company, courts have improperly permitted plaintiffs to misrepresent the European Union’s renewal process for glyphosate and the safety assessment by the U.S. Environmental Protection Agency.

The EU Commission said last week it would renew its approval of glyphosate based on safety assessments of the European Food Agency and European Chemicals Agency after EU member states failed to give a clear opinion on the renewal.

Around 165,000 claims have been made against the company for personal injuries allegedly caused by Roundup, which Bayer acquired as part of its $63 billion purchase of agrochemical company Monsanto in 2018.

In 2020, Bayer settled most of the then-pending Roundup cases for up to $10.9 billion. Around 50,000 claims remain pending, according to regulatory filings.

Read the full article here

Featured
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

7 Things TV’s Decline Can Teach You About Surviving a Recession

Burrow May 13, 2025

U.S.-China Tariff Truce: What the 90-Day Pause Means for the Economy

Make Money May 13, 2025

7 Truths Wall Street Won’t Tell You

Budgeting May 13, 2025

12 Viral TikTok Tips About Ways To Save Money Each Month—Tested So You Don’t Have To

Savings May 13, 2025

When leaving the house to your heirs backfires

Personal Finance May 13, 2025

McDonald’s Is Hiring a Massive Amount of Workers

Make Money May 13, 2025
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

U.S.-China Tariff Truce: What the 90-Day Pause Means for the Economy

May 13, 20250 Views

7 Truths Wall Street Won’t Tell You

May 13, 20250 Views

12 Viral TikTok Tips About Ways To Save Money Each Month—Tested So You Don’t Have To

May 13, 20250 Views

When leaving the house to your heirs backfires

May 13, 20250 Views
Don't Miss

McDonald’s Is Hiring a Massive Amount of Workers

By News RoomMay 13, 2025

McDonald’s is hiring up to 375,000 employees in restaurants across the U.S. this summer, the…

Why Fast CEOs Win and Silent Ones Fade

May 13, 2025

CPI Report: Inflation Reaches Its Slowest Pace Since 2021

May 13, 2025

Why Workforce Efficiency Isn’t Just Code for Layoffs

May 13, 2025
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 FintechoPro. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.