The Rising Influence of Rising Affluence

[DewDiligence]

Bayer—Despite 2020 “settlement,” Roundup damages continue:

https://www.nytimes.com/2023/12/06/business/monsanto-bayer-roundup-lawsuit-settlements.html

Three years after Bayer agreed to pay $10 billion to settle claims that its weedkiller, Roundup, caused cancer, juries continue to award plaintiffs in additional cases billions of dollars in damages, even as the German drug and chemicals giant insists it will continue its fight in court.

In the past two months, in four separate cases, juries have awarded more than $2 billion in damages to a handful of roughly 50,000 claims that weren’t covered by the 2020 settlement. The $10 billion agreement is one of the largest in history.

Bayer has set aside an additional $6 billion, which the company has said is enough to cover pending lawsuits as well as potential future ones. But analysts and investors worry Bayer could be on the hook for billions more, threatening the 160-year-old company’s future.

It never made sense to me to settle litigation for a product that continues to be marketed. The post I’m replying to (#msg-156493303) has aged well, IMO.