Bayer to pay up to $10.9 billion to settle Monsanto case
Posted June 24, 2020 7:00 am
BERLIN (AP) - German pharmaceutical company Bayer says it's paying up to $10.9 billion to settle a lawsuit over subsidiary Monsanto's weedkiller Roundup, which has faced numerous lawsuits over claims it causes cancer.
In a statement Wednesday, Bayer said it was also paying up $1.22 billion to settle two further cases, one involving PCB in water.
The Leverkusen-based company said the Roundup settlement would 'œbring closure to approximately 75%'ť of the current 125,000 filed and unfiled claims.
It said the agreement is subject to approval by Judge Vince Chhabria of the U.S. District Court for the Northern District of California.
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