Bayer promotes $7.25B plan to settle Roundup lawsuits without admitting fault

1 min read
Source: CBS News
Bayer promotes $7.25B plan to settle Roundup lawsuits without admitting fault
Photo: CBS News
TL;DR

Bayer's Monsanto unit proposed a $7.25 billion settlement to resolve Roundup non-Hodgkin lymphoma lawsuits, with annual payments over up to 21 years if approved; the deal includes no admission of liability and would lift Bayer's total litigation liability to about €11.8 billion, plus roughly €3 billion in other Roundup settlements. The lawsuits stem from Bayer's 2018 acquisition of Monsanto, and Roundup remains on the market as Bayer maintains its safety claims.

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