Reading Time: 3 minutes Washington | Reuters — The U.S. Supreme Court on Monday asked President Joe Biden’s administration for its views on whether the justices should hear Bayer’s bid to dismiss claims by customers who contend its Roundup herbicide causes cancer, as the company seeks to avoid potentially billions of dollars in damages. Bayer in August filed a […] Read more
Supreme Court asks U.S. government for views on Roundup case
Bayer wins its first Roundup jury verdict in case of child’s cancer
Reading Time: 2 minutes Reuters — Bayer won its first trial over claims its Roundup herbicide causes cancer after a California jury found that the herbicide was not a substantial cause of a child’s rare form of non-Hodgkin’s lymphoma, the company said on Tuesday. Destiny Clark alleged that her son Ezra developed Burkitt’s lymphoma after he was exposed to […] Read more
U.S. judge rejects Roundup settlement plan as ‘unreasonable’
Proposal would cover suits over future illnesses
Reading Time: 2 minutes Reuters — A U.S. judge rejected Bayer’s US$2 billion class action proposal to resolve future lawsuits alleging its Roundup herbicide causes cancer, saying in a Wednesday order that parts of the plan were “clearly unreasonable.” U.S. District Court Judge Vince Chhabria in San Francisco said the proposal “would accomplish a lot for Monsanto,” which Bayer […] Read more
U.S. judge raises doubts ahead of hearing on Roundup settlement
'The last question is a killer'
Reading Time: 2 minutes Reuters — A U.S. federal judge on Tuesday questioned a US$2 billion proposal by Bayer that would create a framework for resolving future claims that its Roundup herbicide causes cancer, casting doubt on the plan a day before a key hearing. Bayer and class action attorneys hope U.S. District Judge Vince Chhabria in San Francisco […] Read more
Bayer takes major writedown, flags Roundup settlement bill
Company writes down agribusiness assets
Reading Time: 2 minutes Frankfurt | Reuters — Bayer is facing a double hit from a higher legal bill for claims relating to weedkiller Roundup as well as 9.25 billion euros (C$14.2 billion) in impairments on agriculture businesses, much of it related to its Monsanto deal. The company said the write-downs, driven by weaker demand from farmers due to […] Read more
Bayer resolves more U.S. Roundup cases
Judge keeps pause on litigation
Reading Time: 2 minutes Reuters — Attorneys for Bayer and U.S. consumers suing the company over allegations its Roundup herbicide caused cancer told a judge on Thursday they are continuing to resolve thousands more U.S. cases, improving prospects for its US$11 billion deal to end the litigation. The hearing was a contrast to the contentious tone among the parties […] Read more
Bayer books second-quarter loss after settlement
Reading Time: < 1 minute Frankfurt | Reuters — German drugs and pesticides group Bayer reported a 9.5 billion-euro (C$14.86 billion) net loss for its second quarter, following a US$10.9 billion settlement of U.S. lawsuits claiming that its Roundup herbicide caused cancer. The charges stemmed mainly from agreements which attempted to wrap up legal disputes inherited with its US$63 billion […] Read more
Bayer puts Roundup future claims settlement on hold
Judge questions proposal for third-party scientists to rule on chemical's carcinogenicity
Reading Time: 2 minutes Frankfurt | Reuters — Bayer was forced on Wednesday to delay part of a proposed settlement of allegations that its widely used herbicide Roundup caused cancer after a U.S. judge questioned its plan to deal with future claims. The German company said that lawyers representing those preparing a class action had withdrawn a request for […] Read more
Investors pile into Bayer bond to pay settlement charges
Reading Time: < 1 minute Amsterdam | Reuters — Investors piled into a Bayer bond on Wednesday that will help pay for a long-negotiated settlement of U.S. lawsuits claiming its widely-used herbicide Roundup caused cancer. Demand for the four-tranche bond sale, whose proceeds will include the litigation payments, exceeded 17.5 billion euros, nearly three times the six billion euros (C$9.15 […] Read more
U.S. settlements not expected to change availability, labels for glyphosate, dicamba
Bayer to pay up to US$12 billion to resolve ag chem, PCB claims; company is "not contemplating" a Canadian glyphosate settlement
Reading Time: 5 minutes Updated, June 25 — Farmers in Canada, the U.S. and elsewhere shouldn’t expect any changes to availability or label directions for Bayer’s stable of glyphosate and dicamba herbicides, coming out of a massive settlement for thousands of lawsuits, the company says. The German company announced Wednesday it expects to spend up to $12 billion in […] Read more
A message from April Stewart, Country Guide's Associate Editor
