Yanglin Soybean, Inc (fka YSYB)

[sunsailor]

Bayer-Monsanto SETTLE 75% Of 125K-150K Cases For $11+ BILLION!!!!!!!!!!!

JUST PUBLISHED THIS HOUR!!!

YANGLIN SOYBEAN CONGLOMERATE NON-GMO IS ROCKETING UP! UPP!! UPPP!!!


Quote:
Bayer-Monsanto have announced that the company will make a total payment of $10.1 billion to $10.9 billion (€9.1 billion to €9.8 billion) to settle the non-Hodgkin’s Lymphoma Roundup litigation in the U.S.. Roundup is the most sold glyphosate-based herbicide in the world.


The settlement covers approximately 75% of the current Roundup litigation involving approximately 125,000 filed and unfiled claims overall.

Bayer also settled Wednesday the recent dicamba drift litigation for payment of up to $400 million and a portion of the PCB water litigation exposure for payment of approximately $820 million.

Bayer-Monsanto will make a payment of $8.8 billion to $9.6 billion to resolve the current Roundup litigation, including an allowance expected to cover unresolved claims, and $1.25 billion to support a separate class agreement to address potential future litigation. The Roundup class agreement will be subject to approval by Judge Vince Chhabria of the U.S. District Court for the Northern District of California. The resolutions were approved unanimously by Bayer’s Board of Management and Supervisory Board with input from its Special Litigation Committee.

“The Roundup agreements are designed as a constructive and reasonable resolution to a unique litigation,” said Kenneth R. Feinberg, court-appointed mediator for the settlement talks.

The three cases that have gone to trial so far – Johnson, Hardeman and Pilliod – will continue through the appeals process and are not covered by the settlement.

Roundup is currently under even more health scrutiny, as a group of independent scientific institutions has recently gathered together to perform the most comprehensive safety study ever on the weedkiller – the Global Glyphosate Study – and initial pilot results are not positive for glyphosate-based herbicide manufacturers such as Bayer-Monsanto. So despite this settlement Bayer is certainly not out of the woods yet on this issue.

Background:

In August 2018 Bayer-Monsanto lost a landmark cancer trial in San Francisco and was ordered by the Judge to pay over USD 289 Million in total damages to the former school groundskeeper Dewayne Johnson, a California father who has non-Hodgkin’s lymphoma, which was caused by Monsanto’s glyphosate-based weedkiller Roundup. The case opened the floodgates and enabled thousands of other cancer sufferers to sue the company across the U.S..
End quote.
https://sustainablepulse.com/2020/06/24/bayer-settles-glyphosate-cancer-lawsuit-for-10-9-billion/

> >> GO YANGLIN SOYBEAN GOGOGO!!! >>>