Bayer hearing: Monsanto demands US court approval of "Roundup" settlement
A US court dealt with a possible multi-billion settlement for Bayer on Monday. This is intended to settle tens of thousands of lawsuits. However, a decision has yet to be made.
A US court in Missouri has reviewed a proposed settlement by Bayer's Monsanto to resolve thousands of lawsuits over the weedkiller Roundup. The $7.25 billion deal, which would pay affected individuals between $10,000 and $165,000, was presented to Judge Timothy Boyer for approval. Bayer's CEO, Bill Anderson, sees the settlement as a key step in resolving the company's legal legacy, acquired through its 2018 purchase of Monsanto for $63 billion.
Critics argue the sum is too low and favours the company, while supporters see it as a secure way to provide compensation.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
