Reading Time: 2 minutes Reuters — Bayer AG failed to persuade a California appeals court to overturn a verdict favouring a school groundskeeper who claimed its Roundup weed killer caused his cancer but reduced the amount of damages by 74 per cent, to US$20.5 million. The decision by the California Court of Appeal came after a San Francisco jury […] Read more
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Bayer loses California appeal of Roundup verdict
Damages payable to plaintiff are further reduced
Bayer puts Roundup future claims settlement on hold
Judge questions proposal for third-party scientists to rule on chemical's carcinogenicity
Reading Time: 2 minutes Frankfurt | Reuters — Bayer was forced on Wednesday to delay part of a proposed settlement of allegations that its widely used herbicide Roundup caused cancer after a U.S. judge questioned its plan to deal with future claims. The German company said that lawyers representing those preparing a class action had withdrawn a request for […] Read more
Bayer reportedly near glyphosate settlement after lengthy talks
Proposed settlement said to include $2 billion for future cases
Reading Time: 2 minutes Reuters — Germany’s Bayer is set to reach a settlement this week with U.S. plaintiffs that claim its glyphosate-based herbicides cause cancer, two people familiar with the matter told Reuters. After more than a year of talks, however, some details and the overall amount of the settlement have yet to be finalised, one of the […] Read more
Roundup cancer trial postponed to continue settlement talks
Reading Time: < 1 minute Reuters — Bayer AG said on Friday it has reached an agreement with plaintiffs’ lawyers to postpone a Missouri jury trial over allegations its herbicide Roundup causes cancer, to provide room for negotiations to settle the litigation. “While Bayer is constructively engaged in the mediation process, there is no comprehensive agreement at this time. There […] Read more
Beyond Meat shares crumble on stock offering surprise, demand for meatless burgers soars
Reading Time: 3 minutes Reuters – Beyond Meat Inc’s shares tumbled on Monday on plans for another stock offering just three months after its IPO while demand for its plant-based burgers and sausages prompted an increase in its full-year sales forecast. Trading was volatile and shares fell more than 12 percent after hours on news of a 3.25 million […] Read more
U.S. judge cuts $2 billion Roundup verdict against Bayer to $86 million
Reading Time: 2 minutes Reuters – A California judge on Thursday reduced a $2 billion jury verdict, slashing the award for a couple who blamed Bayer AG’s glyphosate-based weed killer, Roundup, for their cancer to $86.7 million. Superior Court Judge Winifred Smith of the California Superior Court in Oakland said the jury’s billion-dollar punitive damage awards were excessive and […] Read more
Juror urges judge to uphold US$80M Roundup verdict
Reading Time: 2 minutes Reuters — A juror who was part of a panel that delivered a US$80 million award against Bayer AG after finding that its glyphosate-based weed killer Roundup caused a man’s cancer has urged the presiding judge to uphold the decision. A letter from the juror written on July 4 was posted to the court docket […] Read more
Judge to slash US$80 million Roundup jury verdict
Reading Time: 2 minutes Reuters — A U.S. judge on Tuesday said he would reduce a US$80 million damage award against Bayer to US$50 million or less in the case of a man who blamed his cancer on glyphosate-based herbicide Roundup. U.S. District Judge Vince Chhabria in San Francisco said the jury’s $75 million punitive damages award to plaintiff […] Read more
Beyond Meat’s new competitor: Tyson’s pea-and-meat blended burger
Reading Time: 2 minutes Reuters — U.S. meat processor Tyson Foods on Thursday launched its first vegetarian and mixed-protein products, including a beef and pea burger, as it seeks to compete with Beyond Meat and other companies catering to rising demand for plant-based alternatives to meat. Tyson is betting that meat eaters wanting healthier diets will see their blend […] Read more
Beyond Meat sees sales more than doubling in 2019
Reading Time: 2 minutes Reuters — Beyond Meat, a U.S. maker of plant-based burgers and sausages, said it expects to more than double its revenue and report breakeven EBITDA this year, sending the its shares up over 21 per cent. The company said it expects to record revenue of $210 million in 2019 (all figures US$), with break-even earnings, […] Read more
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